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.

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Baytex Energy Corp > Geez the DOW UP 1,200 pts today

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Comment by Konaboyon Oct 13, 2022 4:57pm

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Post# 35023458

RE:RE:RE:Geez the DOW UP 1,200 pts today

It is usually presented this way:

Established economic theory is that we need interest rates at (CPI + target growth) for inflation to be pushed down.

It this case we are looking at let's say 8% CPI + 2% target = 10% overnight rate.

We are a long way away from that. A very, very, very long way away from that.

Moemoney42 wrote: Just heard on CNBC someone mention that the CPI rate needs to fall below the interest rate to slow inflation.. so in other words with an interest rate of 4% the economy can handle 3.9% inflation to maintain a neutral status.. I've mentioned before that I'm certain the FED will be happy with a 3-3.5% inflation rate for a long time..

Greenday wrote: @ red2000 - There's probably some study out there that says economic growth is most stable at at 2% inflation rate. But that's just the present monetary policy target rate. If the currrency is stable, a different inflation rate and interest rate doesn't automatically kill productivity and economic growth.