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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 HighOctane89on Dec 07, 2022 9:28am
207 Views
Post# 35155852

RE:RE:RE:RE:API

RE:RE:RE:RE:APII was watching CNBC last night about the time that India started trading , as they waited for the open the commentator played video from that banker conference in NY . The CEO's were asked a series of questions but the video package only showed the worst predictions which was played over and over . At this particular time (India open) , a range of answers to CNBC questions were shown in a video clip and one of the bankers said this ....

"If I didn't watch CNBC every morning (which I do) , the word recession WOULDN'T be in my vocabulary . The data I'm seeing doesn't support that conclusion" . Commentators were all perplexed by how the oil market just ignored the API draw , China reopening , winter setting into Europe ......... I heard the term "talkingheads" more last night than ever before .

It seems the bankers have placed their bets and now they are pushing low liquidity to make their future happen .


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