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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 Jun 03, 2022 5:36am
159 Views
Post# 34728794

RE:RE:The cart is ahead of the horse

RE:RE:The cart is ahead of the horse
Chrisinvan7 wrote: My feeling is that such a tax would alienate Alberta to the point that it would risk a constitutional crisis.

do you think a constitutional crisis in Alberta matters to Justin Trudeau? I don't. The first quote in the article tells you all you need to know. It doesn't make economic sense.
I find the Trudeau government has actually been good for oil in Canada. His government is all about rhetoric. When you cut away the rhetoric, the situation in our oil industry is actually vastly better than it was in 2015. We have significantly increased takeaway capacity. That's helpful. They just approved offshore Newfoundland. Pipeline capacity increased Oil production is up about 20% since he took over without the WCS differential getting worse due to the takeaway capacity increase. All of that has happened while at the same time his government has been labelled anti oil. Could it be better? Absolutely. But the industry itself is thriving and his government continues to be viewed as anti oil which goes to show you how uneducated the left vote actually is. For the record, I've never voted Liberal in my life
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