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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

Comment by Kelvinon Aug 14, 2023 4:55pm
140 Views
Post# 35587768

RE:RE:"Que viva la libertad carajo!"

RE:RE:"Que viva la libertad carajo!"Hi CountryBoy69, Ler's just say that I've worked with so many Brits and Americans that their pragmatism has rubbed off on me. The demand for hydrocarbons will accelerate. Renewables can't cut it. China's population is now shrinking and getting older. The trend is irreversible. It will soon cease to be "the world's factory". South Korea and Japan also have the same prroblem as does Russia and Quebec btw. The shrinking, aging population is because of two reasons 1) birth rates are below the 2.1 births per woman threshold needed to maintain a growing, young population and 2) immigration into those countries and Quebec is extremely low.

The countries that have booming growth in population because of high birth rates and/or immigration are Mexico, most of Latin America and the US. These countries will replace the Asian economies as the world's factory. Also add abundance of inexpensive hydrocarbons, close proximity to markets and abundance of major river systems and deep water ports to move goods along the production/supply chain. We just need to get the right managers and politicians in power. 
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