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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 > Per Bloomberg
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Comment by Decaffeinatedon Mar 30, 2022 11:29pm
157 Views
Post# 34561687

RE:Per Bloomberg

RE:Per BloombergI believe that oil in the range of $85-$115 would be sustainable for many years. The Oil Co's will make gobs of cash, and this price range won't push the economy into recession.  

Oil @ $120++ would only be sustainable for months, it would be the tipping point for recession. 

nikolaos wrote: "The U.S is considering a plan to release roughly a million barrels of oil a day from its reserves for several months to combat rising fuel prices".

The buildup to an energy crises is looking more imminent. 

What are your thoughts guys?


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