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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

Post by Tomssonon Jun 27, 2022 9:26am
478 Views
Post# 34784161

Nuttall squeeze as Biden G7 25% oil windfall tax

Nuttall squeeze as Biden G7 25% oil windfall taxIf you follow Nuttall he's been buying bte, ath and cpg close to record high stock prices in last 7 years. What he didn't tell you was that the smart money had already been leaving. Big institutions in the U.S. have already been telling clients to pull out of oil stocks The U.K. 25% windfall tax and now BIDEN seems likely to implement, and Canada would follow. The big funds are out and the retail investor will get slaughtered, but this time Eric Nuttall will lose more than he bargained for, with no buyers for his stocks. LOOK OUT BELOW ! There was a reason for the latest oil stocks selling off. It wasn't just profit taking, or an inflation hedge. A windfall tax at this point gets more real everyday. The big institutions have been quiet as their clients all exit their positions. Hope you find this helpful, and please read the oil articles over the coming days to inform your investment decisions for a 25% tax would reduce the stock prices by a whopping 30% overnight.. GLTA
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