Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Comment by Confuseddon May 17, 2017 11:37pm

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Post# 26258141

RE:Market Cycles... They're longer than we think (HG, CL, URA)

I'd take 15$ premium on wti by 2018 but IMO 2019 and 2020 will be different beasts and if you have BTE now and sell in 2018 come 2020 you will hate yourself for selling I'm 2018..... Just my thoughts on how the lack of capital investment in upstream production and moving into early next decade lack of exploration will dramatically impede supply.... Demand is still robust at 1.3 mbpd YOY..... Take a look at YOY Global Rig counts...... IMO we are in the second year of the bottom of the global oil cycle.... The short sighted short sellers will bash me I'm sure as they could make a few bucks based solely on the market noise but fundamentally we are in for quite a ride up in regards to oil prices and oil stocks.....

Bullboard Posts

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