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 > US inflation rate start to decline...

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Comment by Moemoney42on Jun 24, 2022 10:56am

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Post# 34780214

RE:RE:RE:RE:US inflation rate start to decline...

Jan Hatzius of Goldman Sachs just mentioned the same thing I'm trying to express on BNN.. he mentions that inflation is already starting to trend lower.. and as I've said "these rate hikes need time to work".. knee jerk over reactions are not what the market needs..

Cobalt wrote: 3.6% unemployment 9 million open jobs , Fed is really targeting open jobs , wage inflation , might be a GDP recession maybe but how does money velocity slow much with 2 open jobs for every unemployed

Moemoney42 wrote: That's what I'm thinking too.. no need for that 75 basis point move again IMHO.. these rate hikes need time to work.. no reason to over shoot..!

masfortuna wrote: They may surprise the market with a .50% increase. If that happens, that would be a great indicator that the FED thinks they may stll orchestrate a soft landing.