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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.


TSX:BTE - Post by User

Baytex Energy Corp
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Post by smallcaptdron Mar 07, 2023 12:13pm
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Post# 35323882

Fed likely needs to raise rates higher and possibly faster,

Fed likely needs to raise rates higher and possibly faster,As much as the FED is hurting the market it will prove to be the right move in trying to slow a resilient economy by raising the next rate hike above the initial .25% that they stood firm on as recently as Friday so in doing this if they come out with a .75% increase putting the rate at 5.50% would help immensely in ending this Inflation chopping earlier than being deep into 2024 where this could end if the FED isn't aggressive. Right from day one, I could never understand why they didn't at least do one increase at 1% starting in June 2022 so you're starting to see how this will drag out for years before hitting 2%. Investors watching this unfold will keep their powder dry till we learn where Oil is heading.


Fed likely needs to raise rates higher and possibly faster, Powell tells lawmakers | Kitco News

Fed’s Powell Says US Debt Default Could Do ‘Long-Standing Harm’ - BNN Bloomberg
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