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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 marketsenseon Jun 24, 2023 1:40pm
206 Views
Post# 35512930

Chaos

ChaosIn Russia now.  This has been building up for a while and may spill into Putin being
deposed.  It all depends on which side the Russian military decides to support.  In fact
they may be split but I would not be surprised if there is some silent support for
Preghozin for purely practical considerations in this utimate Russian chess game.

The military has been under fire from Putin in how inept the war has been prosecuted
and are probably feeling the heat under the glare of Putins microscope.  That's why
the Wagner group was brought in and now that they've had their taste of it and have
dared to openly criticize and challenge the generals,   the tables may have turned.

While top military leadership are afraid to confront Putin directly and also have been
denigrated by Preghozin for their incompetence,  these generals are no fools.  They
may see Preghozin as a useful tool to use in getting rid of Putin and then conviently
get rid of Preghozin when the time comes.  It really comes down to who can seize
the advantage and who will be the ultimate winner.  It will be interesting no matter 
what and the Ukraine should be the beneficiary.

As for oil,  if history is at all reliable,  every past internal conflict involving oil producing
countries such as Iran,  Libya,  Nigeria, Iraq,  Venezuela etc,  has resulted in decreased
oil production for a while until such time as stability is restored.  I would expect oil to
firm up over this developement.
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