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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

Post by Unlucky13on Mar 04, 2021 9:35pm
246 Views
Post# 32724967

You do realize...

You do realize...That keeping the status quo for 1 more month means they can start producing at a more rapid rate in a month.  This is just a pause and OPEC can really throw a wrench in the works in a month.  $1.35 at $64 oil, it's going to take $75 oil that is sustained for months for this to cross $2. Think about it, not cutting and this dog is barely up a nickel and change.
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