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 28, 2023 2:09pm

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Post# 35365102

Russian Oil Exports to India Surge 2,200%

Russia is stealing the show supplying China, Asia, and India leaving scraps for US Oil sales plus there's still talk that Oil sales which have been dominated using USD see changes coming as countries lean towards using the Yen so far Russia has been successful selling NG to countries who pay in Ruble knocking out the Euro. Oil and NG sale from any country is what prompts their currency so eliminating the USD in some trades over time will affect the strength of the USD. If it wasn't for Kurdistan halting Oil we would not be at these levels with surplus Oil in the market outpacing demand still while Oil production disruptions help Oil bullishness there are also a lot of recent Oil discoveries and I'll bet in 5-10yrs OPEC will be broken up leaving production and sales open to all countries as the US gets closer to going electric through the decade's Oil companies will go the way of the dinosaurs and the first to go will be Oil Sands because of cost, environmental issues it'll be a future of only "wells" survival when Oil heads down below $60. Oil has been hitting resistance at $73.90 but Oil still gained so tomorrow we'll know for sure if Oil is destined to $75+ SPR and Russia are hurting thoughts of tightening demand near term. Oil has climbed close to $10 since hitting $64 so there will be a limit to further gains.

2022 seen as a bumper year for global oil & gas exploration, says WoodMac - Offshore Energy (offshore-energy.biz)

The Old World Order For Crude Oil Is Disappearing (forbes.com)

Russian Oil Exports to India Surge 2,200% Following European Sanctions - The Moscow Times

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Advancing flagship Ishkõday Gold Project in Ontario