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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 Relaxrelaxon Nov 18, 2021 12:50pm
152 Views
Post# 34141496

RE:WTI

RE:WTIWe're in an oil bull market.  Probably for the next 5 years.  Worrying about daily or weekly fluctuations is just going to exhaust you mentally.   All this does is flush out weak hands that don't have the balls to hold on to the stock when the fundamentals have not changed.  I don't believe they will release reserves but if they did it would be a short term solution.  This is a supply and demand issue that can't be fixed short term and demand will just be increasing as more economies start recovering from covid.  Covid is here to stay but lockdowns are over.  People are fed up and have to start living again and will just have to do it more smartly.  We are in the very early innings of a commodity super cycle.  There are 3 commodities that just don't have the supply necessary for demand and oil is one of them.
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