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 > For the economists

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Comment by Cobalton Aug 02, 2023 1:54pm

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Post# 35569457

RE:For the economists

Government ficancing about to drop 800 billion at 5.4% on top of the 1 trillion. So many in the world what risk free 5% so they need to buy USD first up goes USD down goes Oil at a 3x inverse. It ALL comes back to the USD

TheWokeLemming wrote: If the US debt gets downgraded, shouldn't the dollar get devalued and commodities rise? Why is oil dropping on this? I can't see demand slowing down because of it.

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