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 > UK O&G Windfall Tax

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Post by senzzzzzon May 26, 2022 3:57pm

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Post# 34710171

UK O&G Windfall Tax

This is concerning to me - I am long and strong Canadian O&G but is this not a MAJOR risk to shareholders going forward? There has already been chatter in Canada about implementing something similar. Now that the UK has 'popped the cherry' so to speak, it would not be surprising to see the current regime follow suit.

I would imagine this is very popular to the average citizen that has no skin in the game as well. If the Liberals implement something similar the model forecasting profits, etc. would need to be downwardly adjusted.

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The investment impact of the U.S. 25% tariff on Canadian imports