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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 topdown99on Jun 07, 2021 12:27pm
153 Views
Post# 33340504

RE:Positive Outlook

RE:Positive OutlookYour assessment of oil's future is right on the money , the "energy ship" cannot be turned on a dime . Driving has returned to pre-pandemic levels in the US , the UK and Europe . Once air travel and cruise ships regain lost traffic , oil prices will rocket .

The Syncrude Aurora oilsand mine reported the death of a worker and since SU owns a chunk of Syncrude , I sold that stock this morning . Since I still like oil companies , I picked up more BTE . I like the move as the capital gains are much mone enticing here . I can see this as an easy double from here .
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