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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 23, 2023 1:13pm
117 Views
Post# 35602179

RE:Duster

RE:DusterCountryBoy69, I just chatted with a friend of mine who knows a thing or two about downstream and marketing. He said that Asia, India are the big buyers of heavy crude for the asphalt in it to build roads, bridges, parking lots etc plus you get more diesel, kerosene etc out of them. The US is also importing Arabian heavy now at $87 per barrel.

He added that if Keystone and Transmountian pipelines had been built and not cancelled or delayed thst wcs would be over $80 US per barrel right now, the global demand for heavy oil is that high.

I don't listen to these posters going on about what wti is doing when it comes to heavy oil producers. Once pipelines are completed wcs will fetch a higher price and maybe even go higher than wti. Arabian heavy is already higher than wti or Brent right now. The problem with wcs is that it's landlocked with limited egress capacity for lack of pipelines.

When the Conservatives get elected bte sp will explode upwards. All of those ESG investors will be dumping renewables to join the party. 
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