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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 Dec 17, 2022 1:10pm
446 Views
Post# 35177715

Profiteering

ProfiteeringOctane raised a good point.  Oil was targeted as the cause of this inflationary cycle
and got singled out by Biden for extraordinairy treatment.  They did everything they
could do to bring down the price and for the time being have succeeded,  but as Octane points out,  food as a commodity has some how escaped from Bidens "fix" and despite energy costs going way down,  food prices have remained high.

Now what does that say about fairness and profiteering as well as the limits of gov't
ability to arbitrarily interfere with the free market.  Food is as basic if not more basic
than energy( starvation being the ultimate equalizer) yet I see no hue and cry from
the greens about the problem.  Oil was an easy target because the greens hate oil 
and oil companies.  They are greedy and dirty and need to be punished for their
avariciousness but as for food companies..............not a word.   They are simply 
allowed to continue on profiting exhorbitantly with total immunity.
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