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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 BayStreetWolfTOon Oct 17, 2022 7:39pm
432 Views
Post# 35030319

RE:WTI

RE:WTILots of changes coming.

2023
SPR done? Otherwise US security issues...which is possible
BTE hedges roll off
Last BTE Long-term debt wiped out
Share buybacks increase to 50% scooping the flippers and shorts
Energy inflation = ZERO at $95+ oil
OPEC in full control of supply
DUC's gone...Frac spreads approaching near flat YOY
US production flatlined....not enough rigs versus historical growth phase
OPEC to manage supply with recession (just like they did with COVID)

Downside
China Covid (Supply controlled by OPEC to offset)
Recession (Supply controlled by OPEC to offset)

Apple is predicting a downturn also. To maintain prices I believe they too are cutting production.

Sounds like a smart move by Apple...






dllscwbysfn wrote:  Price goes up after hours, likely to stay that way until the Americans go to work tomorrow morning. Will this continue after the mid terms?


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