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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

Comment by HighOctane89on Sep 07, 2022 9:53pm
194 Views
Post# 34948444

RE:RE:What a mess

RE:RE:What a messHere's a little more "crazy" just to emphasize the point , now keep in mind European Nat Gas prices are 10X that in north america . Russia cuts all Nordstream gas flow indefinitely which caused the price in Europe to drop ? hmmmm .

NYMEX nat gas price gets sold off and why ? Because Europe sold off , lol .

Europe is effectively cut off (except for LNG sources) and their inventory alone won't be sufficient to cover winter demand on its own . And all this is a backdrop to western rhetoric on Russian O&G price caps which should prompt Putin to turn off everything . Ursala Van der whatever (EU) slams Russia over the war but continues to fill Putin's coffers with billions for the O&G Europe keeps buying . 

It all makes you wonder what it will take to snap this zombie market out of its trance or if it will continue walking into the freezer trap . Winter will put everything in much better perspective .
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