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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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

Baytex Energy Corp > Basic economics supply and demand
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Comment by Joe455on Jun 17, 2021 2:17pm
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Post# 33405304

RE:Basic economics supply and demand

RE:Basic economics supply and demand
BayStreetWolfTO wrote: Stating the obvious. Decreased capex = decreased supply = increased price

Energy Transition Fad Will Send Oil Sky High

"Ironically, the wave of ESG investing in global energy markets may lead to much higher oil prices as a serious lack of capital expenditure on new fossil fuels dries up just as demand for crude continues to grow

Pressure from investors, tighter emissions regulation from governments, and public protests against their business have become more or less the new normal for oil companies. What the worldor at least the most affluent parts of itseem to want from the oil industry is tostop being the oil industry.

Reference: https://oilprice.com/Energy/Oil-Prices/Energy-Transition-Fad-Will-Send-Oil-Sky-High.html


Will Biden be able to get a carbon tax?
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