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 Praxis1on Aug 30, 2018 11:28am

99 Views

Post# 28542660

RE:RE:RE:Well this should give us some added volatility :/

Chris007 wrote:
Snowballer wrote: Not gonna lie... hoping to buy a lot more in the $3's.

Snowballer wrote:
The Federal Court of Appeal ruled Thursday that Ottawa must resubmit the Trans Mountain project to the National Energy Board for review, quashing approval for the project and putting its future at risk.

First Nations, including the Tsleil-Waututh and Squamish Nation, argued Ottawa did not adequately consult them before the National Energy Board review or the cabinet decision to approve the project. In its ruling Thursday, the court agreed.

Environmental groups and the cities of Vancouver and Burnaby also challenged the project in federal court last fall with the support of the province.

The federal government argued it conducted extensive consultations.

More coming

I wonder how much of an extra delay this ruling is going to end up adding in regards to the completion date of the project.

The last update in early August already pushed the completion date back from Dec 2020 to Dec 2021, with an additional $1.9B in costs....