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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
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Post by BayStreetWolfTOon Aug 04, 2021 8:35pm
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Post# 33652752

News article Exxon production falling

News article Exxon production fallingThese are the articles we will start seeing more often. Along with switches to renewables...bullish long-term for oil

"Luckily for XOM shareholders, CEO Darren Woods has reassured investors that reinstating buybacks is "on the table," though he has reiterated that "restoring the strength of our balance sheet, returning debt to levels consistent with a strong double-A rating"remains a top priority."

"But overall, Exxon's declining production is the way to go in this environment."

Reference: https://oilprice.com/Energy/Oil-Prices/Exxons-Falling-Production-Is-Highly-Bullish-For-Oil-Prices.html
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