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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 riskion Oct 02, 2023 4:31pm
134 Views
Post# 35665732

RE:According to X Ukraine Forces Surrendering

RE:According to X Ukraine Forces Surrendering You are going to have to start coming around on green days as well as red if you want the board to take you seriously.

Regarding Russia-Ukraine, it's a good thought that it might affect energy prices short term which I know is the only thing that matters for your interests. However, it's been well established now that the Russian oil supply has been unaffected by the war which is why oil dropped down from $120 last year to $70 once the market realized that there was no need for a war premium. 

So I suspect any hiccup from a resolution of the Russian-Ukraine war to be very short lived, if at all. 

Demand has never been greater and the market is currently undersupplied by 3 million barrels. It's going to take more than one or two things to change that imbalance (or an about face on Saudi's oil policy) for oil to move substantially lower.

One red day doesn't suddenly change the strong bullish macro data.

Snowballer wrote: Energy could take a massive hit?


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