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 > Warren Buffett: Diversification Is For Idiots

<< Previous

Bullboard Posts

Next >>

Comment by Konaboyon Mar 27, 2022 10:39am

155 Views

Post# 34549645

RE:Warren Buffett: Diversification Is For Idiots

Pretty sure he and Charlie did not use that lingo.

The basis of the thesis that "intelligent investors should not widely diversify" comes down to the ability to fully understand a business, the macro context, and its ability to succeed in the future.

There is of course the backdrop that generally he likes to buy into a business to hold for (ever?) a very long time. Of course there are exceptions.

So it comes down to whether you think you are an intelligent investor, and then how long you plan on holding.

How are you applying this approach to your full portfolio right now?

How are you applying this to your oil and gas holdings?