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 > "Sub-$100/barrel Oil Never Again"

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Comment by jleer42on Dec 31, 2022 11:44am

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Post# 35198396

RE:RE:"Sub-$100/barrel Oil Never Again"

An additional question is...when does the physical tightness of the market HAVE to match up with the paper or financial/trading market? No one ever has an answer for this.

When you try to purchase oil on the spot market and the price goes through the roof because there is none to be had.

unc12345 wrote: I like listening to Subham and I love his thesis as I am a big holder in oil/gas. Let me play the devil's advocate though...

Is it wise to listen to those who basically have both feet in the oil/gas industry and who benefit from people never wanting to leave their stocks, funds, etc.? Another one is Eric Nuttall. These guys have lots of knowledge for sure, but EN was certainly well off in his call for 100$ oil at year end.

Honestly, I am hoping SG is 100% correct.

An additional question is...when does the physical tightness of the market HAVE to match up with the paper or financial/trading market? No one ever has an answer for this.