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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 Oct 02, 2022 10:05pm
344 Views
Post# 35000757

Manic

ManicHave to have nerves of steel to stay full invested in oils if you want the big payoff.
The tug of war is an epic struggle between those that see a chronic supply shortage
and those that believe it is a well supplied market.  

When the SPR releases end this farce should end with it.  Then we will see the true nature of demand and supply.  Can't wait for that time however we still have to go
through another month of SPR nonsense.   As for the Saudis,  this is strictly business
and they're in the oil business to make money.   Cow towing on bended knee to the 
wishes of Biden and co is not something that interests them.   Withdrawing supply
is the only way they can defend their business and their profit margins from Wacko
Joe and the Democrats.
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