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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 Nextlegupon Sep 11, 2023 11:41am
197 Views
Post# 35629443

RE:Nuttall Link

RE:Nuttall LinkI like Nuttal as well, and certainly appreciate his perspective...

The market has made little sense as there have been so many factors in play here and so many "players" trying to influence the price....Saudi Arabia, OPEC and Russia trying to push the price up, while much of the rest of the world gov't hoping it will go down to keep inflation in check...

Whip-sawing around $2 a day, with respective energy companies following in tow.

We need Oil and Gas...plain and simple!

Lithium-Ion batteries are NOT a replacement for Oil and Gas...I don't think people really understand this...Seriously! Lithium Ion batteries "store" energy, and allow altenative sources to transport and utilize it....They are not providing energy in of themselves...the energy still has to come from a source...ie..Oil, gas, solar,hydro...The electirical infrastructure needs to create the grids and infrastructure for the future is going to take a LOT of time and money, and with the world scrambling...I'm quite happy with my oil and gas investments.

Nuttal is on the right track...he just been a little overly enthusiastic in his price predictions and timelines...He's toned it down a bit as of late in his interviews (WTI target wise)...but I do think we'll hit those levesl at some point in the next year...Tme will tell.

GLTA
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