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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 Sep 07, 2023 12:24pm
147 Views
Post# 35624286

RE:Sellers about to have regret

RE:Sellers about to have regretDon't know about that. The macro is still worried about inflation and possible recession. The yield on the 2 year US treasury bond is still hanging around 5%. Inflation expectations still very high. It's affecting well drilling and completions costs. Netbacks are getting squeezed. High commodity prices are keeping the netbacks attractive for now. I expect investors to become more defensive because high oil prices are driving a lot of the inflation that is causing the recession and demand destruction fears. They'll want to bring oil prices down. Can they do it? Is there spare capacity in existing pipelines?
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