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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
Comment by RichVanWinkle2on Oct 05, 2018 3:23pm
68 Views
Post# 28754507

RE:DJT Special : Article 32.10: The KILL USMCA / China Clause !

RE:DJT Special : Article 32.10: The KILL USMCA / China Clause !
Thays right, If Canada attempted to enter into any deal with another nation it can expect to get its a$$  kicked out unless the deal is good for the othe USMCA partners ... and what if say someone is picking fights with nations all over the world???? Hmmmm ? How’s that gonna fly? 

Eigen337 wrote:
See:

https://www.bloomberg.com/news/articles/2018-10-04/nafta-s-china-clause-is-latest-blow-to-trudeau-s-asia-ambitions


economics

Nafta’s China Clause Is Latest Blow to Trudeau’s Asia Ambitions

Updated on
  • Deal includes a provision targeting non-market economies
  • Article 32.10 ties Canada’s hands in future deals, critics say

    >>>>>

    Article 32.10

    The U.S. and Canada reached their deal late Sunday, shortly before a deadline, and published the legal text that would allow it to be signed by the end of November. The U.S.-Mexico-Canada Agreement, as the new Nafta is known, still needs to be ratified by the U.S. Congress and other legislatures before coming into force.
     

    Article 32.10 requires any USMCA nation to notify the other two members three months before launching free trade talks with a non-market economy. The other countries can review any deal before it’s signed and, once a new pact between a USMCA member and a non-market economy takes effect, the other two members can terminate the trilateral North American agreement and strike a bilateral one.

     

    “They can basically pull the chute and kick you out by virtue of what they feel violates that clause,” said Peter MacKay, who served as foreign minister under Trudeau’s predecessor and is now a partner at law firm Baker & McKenzie LLP. “The government doesn’t seem to be very forthcoming as to why they would want to become supplicant to the United States in a trade war with China.” <<<<<



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