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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 Franman184on Mar 15, 2023 1:17pm
248 Views
Post# 35340356

REPEAT - No new investments in this market

REPEAT - No new investments in this marketTodays action is the reason companies will not invest into new production. This just make the bull thesis even stonger for the available barrells of oil over the next 5 to 6 years. This downward action will mostly like accerlerate upwards at the same velocity when the barrells become scarce. The exact day and month I cannot predict but it is coming. GLTAL!!  Wish I had some dry powder. Feeel for the longs today with Margin accounts.
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