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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 Jul 06, 2021 5:48pm
199 Views
Post# 33503142

RE:RE:RE:Great conference presentation!

RE:RE:RE:Great conference presentation!I think everyone is on the edge of their seats waiting for word on Clearwater , I am delighted to see Edward shares our enthusiasmam . There is so much game changing news coming in the next few weeks/months that it's easy to brush off days like today . 

While some people want to cause waves of indecision , a long view will slice through those ripples like a hot knife through butter . Clearwater is the future and has many enthusiastic observers , as BTE proves up their land base it will make production easy to maintain and increase incrimentally . 

O&G prices remain strong as we head into Q3 and other than a few "what if's" , there is nothing to overwelm the supply side . Air travel is increasing , cars are driving everywhere , and NA consumption remains strong . Demand will continue to require 100 million b/d for years to come , Clearwater put BTE in a position to take advantage of that demand .

With recent prices BTE should be revaluing their assets and we should see some relief from those writedowns of last year . Add Clearwater into the mix and the future is bright 
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