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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
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Post by smallcaptdron Aug 24, 2022 3:01pm
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Post# 34917836

Russia Considers Deeper Oil Discounts To Counter U.S. Price

Russia Considers Deeper Oil Discounts To Counter U.S. Price Oil is going to head lower with all the headwinds so let's take a look at where Oil is heading. First and far most the US is in a recession and the global economies are contracting so that usually means that demand for Oil should decrease then we have the G7 capping Russia's Oil between $40 - $60 so who's going to buy US Oil for $94 when countries can buy it cheaper and on top of this every country has increased Oil production in order to profit from higher Oil prices. The bottom line is that Oil should trade lower in the coming months unless someone manipulates the market. Today has been a real tug of war between Oil at $95 and Oil at $92. I would like to see Oil heading higher from the greed of the free world so that we can destroy the economy with Inflation during a recession, a great plan is to price gasoline back to $5 a gallon during a recession because everyone would be living house poor with higher interest rates on all their debts and to help out let's increase the cost to buying anything especially when the labor force shrinks so that this would be my 8th market crash to trade in.. JMHO

 10 stock market crashes from history, explained – Chicago Tribune


Russia Considers Deeper Oil Discounts To Counter U.S. Price Cap Push | OilPrice.com
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