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 > WTI and Forex

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Comment by BayStreetWolfTOon Jul 14, 2022 9:02am

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Post# 34823525

RE:WTI and Forex

Riski, glad you watch this. Most have no idea about the F/X impact. You will see the impact on the financial statements every quarter.

These prices converted to CAD$ are truly a gift.

This is why I say even at $80 that is great....$80 USD WTI is $105 CAD LOL...higher than the averages of all those years (outside the brief spike...

People don't get how high $80 is at the current F/X rate

riski wrote: WTI was $110 with CAD/USD at 0.79 which is $139 CAD.

Now WTI is $95 with CAD/USD at 0.76 which is $125 CAD.

So down about 10%, but still really high prices from an historical perspective.

2008 WTI was briefly $140 with CAD/USD near par which is $140 CAD.
2011 WTI was $105 with CAD/USD near par which is $105 CAD.
2013 WTI was $100 with CAD/USD at 0.97 which is $103 CAD.