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.

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Baytex Energy Corp > CNBC - Fed raises rates half a percentage point-as expected

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Comment by BayStreetWolfTOon May 04, 2022 2:05pm

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Post# 34655735

RE:CNBC - Fed raises rates half a percentage point-as expected

Noted Q1 softness and watching China. DOW and NASDAQ green.

"Wednesday’s statement noted that economic activity “edged down in the first quarter” but noted that “household spending and business fixed investment remained strong.” Inflation “remains elevated,” the statement said.

Finally, the statement addressed the Covid outbreak in China and the government’s attempts to address the situation.

“In addition, COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. The Committee is highly attentive to inflation risks,” the statement said.

Though some Federal Open Market Committee members had pushed for bigger rate hikes, Wednesday’s move received unanimous support."

BayStreetWolfTO wrote: As expected...waiting for the tone

https://www.cnbc.com/2022/05/04/fed-raises-rates-by-half-a-percentage-point-the-biggest-hike-in-two-decades-to-fight-inflation.html

Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation