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 > Windfall tax ability in Canada

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Post by Volkommon Jun 03, 2022 8:51am

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Post# 34729108

Windfall tax ability in Canada

I'm not as fearful of this for Canada.

They cannot touch the royalty revenues from the extraction of oil. Minerals/Oil/Gas,etc are 100% under provincial jurisdiction and there is no question to that.

They could increase the corporate income tax though... how they would do that to target a specific industry I'm am curious about.

To me that opens the doors for some serious litigation. How can you target one sector but not the other?

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