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

Post by daniel004on Jun 26, 2017 12:30pm

244 Views

Post# 26405449

Double Edged Sword

Everyone wants $100 oil again. Be careful what you wish for, because it wouldn't last. Electric Vehicles are very close to the tipping point. Does no one else see that those high oil prices will push EV sales to snowball? Every auto manufacturer has their models ready. Production will ramp up fast, battery technology will improve and prices will drop. This is the elephant in the room. I'm a bagholder (but no longer in BTE) who is just hoping for a modest recovery (55 - 60 WTI). At that sustained level, I'll be more comfortable with the ones I'm holding long.
-My opinion only. GLTA.

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