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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

Comment by Sexp1stolon Dec 10, 2020 3:03pm
194 Views
Post# 32078609

RE:RE:RE:Average price $3.50

RE:RE:RE:Average price $3.50On top of that the world energy is 80%+ coming from fosil fuels and there is a major movement to reduce emissions so what is the main way to do that? To get rid of coal which is about half of that energy. Oil and gas will replace coal for a long time before we replace them with renewables. And nuclear is being removed as well. Germany is closing all of their nuclear plants and the rest of EU will follow. We are not ready to remove all these sources of energy and will have to rely upon oil and gas to replace them for the next few decades until we are ready. Not to mention how much energy we will need to build a renewables based infrastructure. And to top it all off we are only growing in energy cosumption in the world. Africa, Asia and South America will become richer over time and consume more energy.
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