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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

Post by marketsenseon Sep 10, 2022 3:36pm
282 Views
Post# 34954443

Thanks

ThanksEveryone for your replies on this one.  I'm not confident on the SPR question however
there are at least a few really good points mentioned that support an end to these
releases.  Here is a summary of the points I think make the most sense.

1.  Once the mid terms are over,  there will be less incentive to continue to deplete 
     the SPR.

2.  Hopefully common sense will prevail as further depletion becomes dangerous
     and politically unpopular.

3.  Further releases disincentivizes oil companies to drill which is counter productive
     to the adminstrations agenda.
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