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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 Greendayon Sep 26, 2022 1:24pm
226 Views
Post# 34986978

Bankrupt Russia

Bankrupt RussiaRussia was getting a little bit too cocky with money generated by western big oil.  The Russians started thinking that they were the Saudi's.  Mansion in NYC, London, French Riviera.   So what is the USA going to do about it?  The USA is going to bankrupt Russia is what the USA is going to do about it. 

Big mistake by Putin to invade Ukraine.  He showed his hand before he could be stopped.  The USA and western allies are going to supply arms to Ukraine until the Russian army is methodically wiped out.  Russia will have its nukes left but won't use them unless Putin absolutely losses his marbles.

Good for western oil producers in the longer term.

jmho
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