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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 30, 2023 12:47pm
127 Views
Post# 35612201

RE:RE:RE:RE:The flip side

RE:RE:RE:RE:The flip sideGood day CountryBoy69. One analyst talked about bte's margin mix. Bte produces light and heavy oil and natural gas and natural gas liquids. I imagine that they use the nat gas liquids to mix with heavy oil to make dilbit (diluted bitumen) which they sell. Other dilbit producers may not have the nat gas liquids that bte has and have to buy them. So if nat gas liquids shoot up in price then their cost per barrel of production will go up while bte's will remain low. In other words bte's margins will be much higher. So I'm checking all of that out now. But the point is that within the oil&gas sector there may be some macro trends that are positive for some companies and negative for others.

My friends live in Sarasota. They're thinking of moving because of the insurance costs. They tell me that it's harder to find companies that sell hurricane/flood insurance. I wouldn't buy there. Too much of a downside risk.

Yeah the ignore button doesn't work. Got some personal attacks yesterday and today that I didn't respond to. I'd love to block those people from even seeing my posts. Getting sick of the personal garbage. Maybe I'll just block myself from SH alltogether if it keeps up or just give me a block button. 
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