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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 smallcaptdron May 26, 2023 1:55pm
218 Views
Post# 35466135

FED = Clowns are US...

FED = Clowns are US...he idea of any corporation is to have seasoned veteran leaders and to have their experience lead in decision-making but it seems that these older FED have not learned by now the damage that they are causing by airing their differences but insightfully they are not. Can you imagine the conversations at the head honcho family BBQ when asked, I'm 100% positive that they're not telling their family that they intend to throw the US back to the stone age come Monday but their actions have wiped out Billion$ of investment dollars from funneling into the Markets so enough is enough just raise the Debt Ceiling because they have to! and as promising as the futures are for CPG, BTE, and ATH nothing will happen till this is resolved. I started back last year that they needed to put the Rate at 5.50% and they fumbled that by doing .25% increases plus had they put the Rate at 5.50% in Dec SVB would have been it and by now Inflation would have been around 3%+ so they are causing nothing but uncertainty for no reason and are looking like clowns, they obviously haven't figured out that by having the Debt Ceiling agreed on by now that the economy would be strong enough to deal with any other unforeseen trouble so proactive the FED isn't. After all the grief that they are causing they will expect to have the light shone on all of them as saving the US when it's over as they are heading out for their summer vacations. There's been no reason to talk about anything else that drives Oil till this is resolved however this week Oil will close marginally higher and is just waiting for the Green Flag to drop! Once Inflation hits lower 4% into the 3%+ with the help of OPEC, the FED signal pausing,  China growth starts gaining traction,  The chess game happening over Oil Tankers transporting EU Saction products, plus Russian Ukraine War could be a powder keg which could see Oil top $90+ heading into July. Yesterday's Oil sell-off was pointless.  Think bullish!
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