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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.


TSX:BTE - Post by User

Baytex Energy Corp > Oil price: Why B. Could Come Back Empty
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Comment by red2000on Jul 13, 2022 6:26pm
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Post# 34822345

RE:Oil price: Why B. Could Come Back Empty

RE:Oil price: Why B. Could Come Back EmptyThe answer of Saudi Arabia and OPEC+ :  KEEP THE PRICE OF THE BRENT AT 120$ US and the WTI at 115$ US for the next 2 years and we will increase supply to stabilize supply and demand !!!

They need 18 to 24 months to increase and maintain boe/d to reach the demand !!!

Same pattern as an hedge price that Bank required to finance oil producers in the last 10 years !!! So if WTI is at 100$, USA paid a 15$US per boe/d to all producers !!!
Sound good to me !!! The 15$US will help to increase CAPEX !!!

Any other idea !!!??
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