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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 Nothingmatterson Mar 23, 2022 1:33am
134 Views
Post# 34536629

RE:What can I say ............

RE:What can I say ............No jolene dont cryyyyy, makes my heart sad :(
topdown99 wrote: I have to admit being somewhat "off" my game lately due to some external frustrations and concerns , I'm just going to be happy when this week finally ends . Today felt like the lowest point so far with the cherry on the Sundae being this BS deal between Trudope and Swing , can it get any worse ? The ndp sells out the working class for nothing more than job security and pensions , the left libtards are now free to destroy western Canada without the mandate to do it . Prepare to become well acquainted with this formerly dormant virus called inflation , more importantly you better get your kids into an Ottawa proof career if they ever want afford to breathe let alone raise a family because they are inheriting a debt that will never be paid off without crippling inflation down the road .

This is a fact that governments don't want you to know but this is how it works (in a frat boys mind) . You borrow $1 billion , then you print $3 billion in new currency which puts more money into the economy than the products and services available . This starts the bidding war , for raw material and labor , prices go up but the actual value of your money goes down so after a decade the $1 billion you borrowed is paid back with a devalued $1 billion of worth-less money . Now this only works when the borrowed money is in your own currency which means selling government bonds . While you will always get paid back , you lose money in the process . Inflation is raging right now , lets say at 7% but government bonds only pay what , 2% interest ? Do the math but keep in mind you will be taxed on the 2% on top of it all . Today its "tax carbon" , in 10 years I'll bet there will be an "Oxygen tax" 

It's not the system that's broken , it's the mindless sheep that allow this to go on . How did we ever allow government to get this big , this bloated and this corrupt . How did a drama teacher ever become PM , or a journalist as deputy PM and finance minister or the most senseless , a graphic designer as a health minister . An alcoholic ex tv host as Natural Resources minister Shameless O'Reagan replaced with Wilkinson (aka: lower mainland BC) or a convicted eco terrorist in charge of newly created Climate Change Minister (Guilbreault) . This crowd is more embarrassing than a president in a diaper and a VP that describes the Ukraine as "a little country next to a big country (Russia) and the bigger country invaded the smaller country .......... and that's bad" ................ ?

Can you believe a sitting VP could be that stupid ? Harris's foreign relations adviser resigned immediately after that trip to Poland . But once again , I digress .

Back to the product of all this stupidity , lets let a hostile Islamic regime have access to a Nuclear bomb and the money to finance it in exchange for oil , or ignore genicide in China for cheap cellphones (if you call $1000 cheap) and sneakers , or offer to fund a rogue regime in Venezuela when its all available right here . We can finance another Putin or we can keep the money , provide great jobs , energy security and starve these rogue dictators of their life blood ....... CASH !!!!!

And where am I going with this ? Enter  "mental cul de sac" here , just kidding Eigen . The point is using green stupidity as an excuse to not support our own resources , our own economy and our own prosperity is ridiculous . But take note , when you let the kids run the class , expect a circus not a learning environment .The longer this stubborn ignorance lasts , the longer lasting and the larger O&G profits will be . When the dam finally bursts its will be epic , its just a matter of time before that trigger gets pulled .

If you made it this far , here's the nugget . Debt is being paid down way ahead of the $65 plan timeline ,the buyback should start within weeks and a revaluation is due . Don't listen to chicken little or debbie downer and don't lose sight of the fact BTE is ready to jump to new levels . While green rhetoric seems to be ruling the market right now , its the "GREEN" ($$$) BTE will be reporting for Q1 that you need to concentrate on . 

Good night Irene !!!

 


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