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 > Woke, I agree historically...but

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Comment by TheWokeLemmingon Jul 25, 2022 8:05pm

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Post# 34849733

RE:Woke, I agree historically...but

I only wish oil prices were allowed to react so carelessly to the word recession. Then we'd still be at $120 and over $8 a share for BTE!

BayStreetWolfTO wrote: I agree we always seem to guage a "recession" by 2 negative GDP quarters however (I will play devils advocate on this...by NO means giving the WH a pass)

See below...where some may struggle is "decline in employment"....I know Cobalt and I have said this for a while on the board...IF this is a recession it may be the first I have EVER seen where you can quit your job today and go get another one tomorrow LOL.

That said I agree 2 quarters of negative GDP is what I have always looked at...

This is the strangest recession I have ever seen....in fact the ONLY reason we are probabaly in a recession is because the Fed created it LOL...IF they of course continued to ignore inflation and didnt raise rates this year we would still be booming...albiet with even higher inflation...

This is why nowadays when people say history repeats I take a pause to first question that logic.

Britannica

https://www.britannica.com/topic/recession

recession

economics

recession, in economics, a downward trend in the business cycle characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline. Even though not all households and businesses experience actual declines in income, their expectations about the future become less certain during a recession and cause them to delay making large purchases or investments.

In recessions, the decline in output can be traced to a reduction in purchases of durable household goods by consumers and of machinery and equipment by businesses, and a reduction in additions of goods to stocks or inventories. The greatest effect is probably on inventory; businesses stop adding to their inventories and become more willing to draw on them to fill production orders. Inventory declines thus have a double impact on production volume