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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Bullboard Posts
Post by saintpeeteron Sep 10, 2017 7:38pm
191 Views
Post# 26677761

Saudi Aramco IPO delayed

Saudi Aramco IPO delayed
Well I admit - as a desperate Baytex shareholder - I guessed (hoped) that the Saudi Aramco IPO would be the catalyst for an increased WTI by the end of summer.

In fact - taking the state oil company public is just the opposite of confidence in world crude and the results have reflected that.

I still think that there will be opportunity for WTI to spike in the short term.

The economics of oil say that demand continues to increase but there is so much manipulation in this market. Some day, when the manipulators decide, they will make oil increase.

Some producers can make a business out of it, the rest is just market traders (manipulation).

Nothing more needs to be said. 

https://www.reuters.com/article/us-saudi-reforms/saudi-assures-investors-that-reforms-aramco-ipo-on-track-idUSKCN1BK0H1 



 
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