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 > The greed of the saudis

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Comment by dllscwbysfnon Sep 20, 2023 4:40pm

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Post# 35646160

RE:RE:The greed of the saudis

Biden pushes all in with a pair of ladies last year with the SPR and the Saudi's kings "call". The question would be what cards will come out on the flop, turn and river.

JohnnyDoe wrote:
Duster340 wrote: has caused the feds to likely do 1 more rate hike before yearend, higher interest rates for longer and maybe no soft landing. but it also looks like it will bite them and the price of oil in the butt as well LMFAO

Why are the Saudi's greedy? I wouldn't call them greedy. I'd call them opportunistic. If western governments hadn't been flogging ESG nonsense for 5+ years, O&G investment wouldn't have tanked and there'd be more non OPEC production.

As it is, they've got pocket kings and they're trying to figure out how to maximize the pot. Good on them. Shame on us.