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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 BayStreetWolfTOon Jun 10, 2021 9:26am
147 Views
Post# 33361327

Massive merger will positively impact Canadian Oil and BTE

Massive merger will positively impact Canadian Oil and BTEHidden gem people don't think about. Everyone moved on from Keystone. Railways are set to take advantage big time. Planning for increased capacity has begun. These guys are way ahead of the curve. Great article.

Environmentalists don't understand stopping pipelines won't stop the need for oil. Consumers will just pay more.

Canadian Pacific acquiring Kansas City Southern in $25 billion rail deal
"The merger is expected to improve the transportation of everything from petroleum to grain to auto parts, said Kansas City Southern CEO Patrick Ottensmeyer. "This opportunity will connect Canadian Pacific's powerful origination network with Kansas City Southern's powerful destination network to create increased options for our customers and shippers," he added."

Reference: https://www.spglobal.com/platts/en/market-insights/latest-news/oil/032221-canadian-pacific-acquiring-kansas-city-southern-in-25-billion-rail-deal
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