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 > IMO

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Comment by Snowballeron Nov 09, 2022 1:14pm

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Post# 35085816

RE:RE:RE:IMO

Agreed. All my BTE positions I trade are funded from previous BTE profits. It's the tree that just keeps on giving! And I never have to sacrifice fruit from another tree. "Just sitting back investing the fruits from the other trees. Life is good."

BayStreetWolfTO wrote: The good things is while this goes on long-term....dividend and buybacks will continue...lining our pocket...no need to worry about rushing in and out for the divy date...

At these prices will be lots of money...long-term will be nice cash flow...getting pretty nice with O&G divy so far...when BTE adds to my list the pot gets nicer.

Just sitting back investing the fruits from the other trees. Life is good.

BayStreetWolfTO wrote: Re: "After all there is a finite limit to the SPR and once its exhausted, then what?"

Than things get really interesting. The sad part is the rich countries will continue to buy energy at higher prices while the poor countires suffer...but I believe that is the basis of the green deal..distribution of wealth from the poor to the rich.

Cdn O&G investors will just sit back and watch it play out...or at least I will....long-term of course.

marketsense wrote: Well it is a fact that American producers either can't or won't increase supply and
neither will Opec. That means other than Biden continually draining the SPR, there
is a world supply deficit. The industrialized world as we know it runs on both oil
and energy. There is no escaping that reality. As for China, their regime is totally
unreliable and changes their narrative to suit their agenda. They are on again off
again like a chamelion who changes its colours to reflect its mood.

Bidens use of the SPR is like the Fed trying to manipulate the economy with interest
rates. It's effective for only so long and then as the negative consequences of their
actions take hold, the net result will be as bad if not worse than before. In summary
oil deficits are not going away and Biden with his actions are guaranteeing it. After
all there is a finite limit to the SPR and once its exhausted, then what?