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

<< Previous

Bullboard Posts

Next >>

Post by Tommy007on Apr 08, 2022 7:58am

217 Views

Post# 34587073

Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?

>>>When Middle Eastern oil producers declared an oil embargo on exports to the U.S. in 1973, oil prices soared and the U.S. experienced significant fuel shortages.
>>>Today’s energy crisis, which includes not only oil but also natural gas and coal, could be even worse than the infamous oil crisis of the 1970s.
>>>The current energy crisis could soon be made worse as the EU moves to ban Russian coal and the U.S. struggles to meet its LNG commitments.

Above from: https://oilprice.com/Energy/Energy-General/Is-Todays-Energy-Shortage-Worse-Than-The-1970s-Oil-Crisis.html

This high oil price causing high inflation may NOT easily be controlled by just using interest rate hike. The war factor can have different variant and last for longer than expected.

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property