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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 Jan 16, 2023 8:50am
197 Views
Post# 35225243

RE:RE:Conspiracy theory was right all along

RE:RE:Conspiracy theory was right all along
TheWokeLemming wrote:

HighOctane89 wrote: I'm not sure if anyone heard this since it has been so lightly reported on but E Musk released a data dump showing how twitter was supressing any posts critical of vaccinations at the direct request (email) of Pfizer CEO . Musk says another release of data showing Anthony Fauci's meddling is coming and you know the same type of energy/climate change sensorship was happening too . Not unlike the Facebook "truth squad" who were suspending accounts and deleting posts critical of climate policy and media coverage .

As for BTE specifically , one of the big draws of Baytex was its "torque" to the price of oil . This was lost for the past 2 years with those forced hedges which have all expired now . BTE is poised to reap the rewards of increasing prices (aided by the 2023 hedges) , having 90K production they are back in the drivers seat . The O&G sector remains underinvested in and will be unable to reply to sudden demand increases .

Biden had a window of opportunity but he squandered it by attacking domestic production rather than support it . The SPR has been seriously depleted , exploration is non-existant and infrastructure is being used at capacity . Winter seems to be starting later but staying longer into the spring and it looks like more normal temperatures are coming . With frost warnings in Fla tonight and tomorrow nat gas demand should be increasing . Despite Ostrich journalism I expect 2023 to be the year that the rubber hits the road , as we get closer to summer driving season watch the supply panic begin .

 

Think what you want about vaccines and Musk, but clearly there was no debate allowed as Twitter censored any criticism.  That alone should alarm everyone.   

The last 2 times oil hit $80 it was forced back down quite quickly.   Tomorrow will be interesting.  With the Davis crowd meeting all week I expect the anti-oil rhetoric to be "cataclysmic" over the next 7 days.   Im sure they are plane-pooling in all those private jets though, right?



I don't have an opinion on vaccines other than it should be a personal choice , an informed personal choice . Twitter , Facebook and other social media (as well as main street media) used censorship to force a biased viewpoint which only manifest further entrenched tribalism . Without debate it becomes propaganda and only promotes mistrust and anger . This has been allowed to go on far too long and it is refreshing to see the curtain pulled back showing how rotten the system has become .

Would have been nice to see this information before the last election while there was still time to correct this unchecked manipulation .
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