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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 9:44pm
163 Views
Post# 35588184

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

RE:RE:RE:RE:"Que viva la libertad carajo!"CountryBoy69, You mean like Pierre Elliot Trudeau's National Energy Program in the early 1980s that decimated the Alberta oil patch where the rig count went from close to 500 to less than 30 in a year?

Socialism! Rip it out by its roots. Install "mano dura" hard fisted right wing dictatorships everywhere. Like my Peruvian friend Alejandro asks "Which is better, a wasteful, private sector destroying democracy or an efficient private sector growing dictatorship that fiercely protects private property rights and economic freedom. The "mano dura" refers to what happens to criminals. Why are Singapore and Hong Kong so rich? They're both dictatorships. Yet they rank in the top two economies in economic freedom. They don't change the rules on investors. They do everything possible for businesses to thrive.

Proctor & Gamble, Johnson & Johnson, Ford, GM and all of the planet's top multinationals are spending hundreds of millions in advertising trying to squeeze out fractions of a percentage more market share in developed countries. Everybody already has 2 vehicles, 5 TVs, electronic gadgets out the ying yang etc. They desperately need a growing consumer class in the so-called emerging markets. How can that be accomplushed. Grow the private sector. Let it do its thing.

CNN en espaol did a great documentary once called "Mission Riqueza" or loosely translated "the quest for wealth". They asked why some countries are rich while others are poor. They looked a various factors 1) rich countries have an abubdance of natural resources. False! Germany and Japan have few natural resources yet both are rich yet Venezuela with an abundance is poor. 2) system of government - all democracies are rich. False! Without naming countries I think that we can all find a bunch of examples which are poor. Meanwhile during the times of the brutal dictator in Venezuela during the 1950s Marcos Perez Jimenez the Venezuelan ecinomy was booming. Their currency, the bolivar, was stronger than the US dollar, immigration into Venezuela soared, Venezuelans didn't need visas to go to the US or anywhere and you could leave your car running, with windows down on the streets of Maracaibo and nobody would dare touch it for fear of being shot by the authorities if caught. 3)They looked at ethnicity, religion, culture. None were factors in why some countries were rich.

The thing that all rich countries had in common is that all fiercely protect private property rights. Not even a bird will invest the time and effort to build a nest if it thinks that it will be stolen or destroyed. In short, all rich countries promoted the profit motive.

So which form of government best does that? Certainly not socialism because they destroy the profit motive and the private sector. I've seen and lived it first hand in Alberta and now here. So what's left? I kind of like Nayib Bukele president of El Salvador and hope that his model spreads. It's still a democracy though. He's got wide support. Maybe a real SOB like him with huge popular support.  
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