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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 JohnnyDoeon Apr 10, 2022 6:34pm
161 Views
Post# 34592296

RE:RE:Cough... Cough....

RE:RE:Cough... Cough....
Wildfury wrote:
I'm not sure about this article, it's great news if you're in energy stocks but how can anyone know what's going to be in the year 2050? They state that ICE vehicles will be 79% of the market? How could this be when everyone is changing over to EV by 2030-2035 or sooner?

you mean here in Canada? I think things will obviously increase wrt to moving towards ev.
but as things currently stand the manufacturers can't manufacture enough, there's a massive massive lack of charging infrastructure, it'll create a huge draw on the electrical grid and they'll have to figure out to replace the revenue from fuel taxes in an equitable way. That last point is a big one. You can't just jack electricity cost, you have to figure out out to charge the people putting kilometers on vehicles. That promise will end up just like proportional representation.
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