Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

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Baytex Energy Corp > Fundamental outlook for oil with Helima Croft

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Comment by Nextlegupon Sep 08, 2023 11:57am

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Post# 35626289

RE:Fundamental outlook for oil with Helima Croft

Red

I agree with what MS. Croft had to say...

She is missing one big component....Saudi Arabia has been looking to gradually sell off the Saudi Arabia Crown Corporation, Saudi Aramco, to the public for the past couple of years...and they are currently trying to issue $50 billion chunk of shares as part of that mandate.....

So why would Saudi Arabia bend to US concerns about inflation and allow for lower oil prices, when the price of Oil will directly impact the perception of value to potential investors who might be willing to buy into Aramco?

Bottom line...Saudi Arabia wants a higher oil price for so many reasons...one of which is getting this deal done and selling some shares.

GLTA

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