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

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Post by BayStreetWolfTOon May 18, 2022 3:56pm

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Post# 34693489

Look familiar?

No it's not the NASDAQ chart.

While markets adjust to the new norm...tech valuations get clobbered....and sector rotation continues.

I confirm yes inventory is a problem and there is no easy fix. Some suggest a recession will...BUT....how will any oil company be able to justify capital spend in a recession?

A recession would keep oil prices high, further pressure supply chain and reduce capex even more.

The days of a free lunch are over for consumers...time to pay a fair price for oil. Just like my GWO I want a long lasting dividend and let the consumers pay for it....just like people pay GWO to pay my dividend one of many examples out there.

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