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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 Wildfuryon Mar 16, 2022 7:09pm
287 Views
Post# 34520279

Oil Bull or Bear

Oil Bull or Bear
EIA: Oil Prices Will Remain Above $100 For Months. The media can't make up their minds, one minute they're reporting oil climbing to over $100pb, EIA reports a build of 4 million plus barrels surprise but don't highlight a gasoline draw of almost 4 million barrels. Where's the extra oil going to come from? They leave out the facts that there's a huge demand, supply issue along with the fact that SPR'S have been drawing at an alarming rate. They can only lie about what's really going on for so long, this summer will tell the true story. Once again the media is over hyping inflation and blaming the oil patch for everything that's wrong in the world today. It's alright if Amazon, Apple, Google, the Banks report record profits without a windfall tax to be imposed on them, just oil companies in general are not allowed to make money, bunch of hypocrites. Now the EIA is making statements that oil to remain $100 plus for months to come. Regardless of the media, Baytex will be reporting record profits at least for the next 2 quarters, the debt should be under $1 Billion with share buy-backs and dividends to follow. I'm not buying their lies because the best is yet to come. Baytex's 5 year plan has just become a 3 year plan and they forecast their numbers based on what, $65-$75 oil? With current prices it's all gravy, and who doesn't like gravy?
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