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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 Oct 03, 2023 10:32am
83 Views
Post# 35666726

RE:RE:RE:Harbinger?

RE:RE:RE:Harbinger?Cobalt, Yes I see that 2 & 10 year yields still moving up sharply this morning and the USDX breaking through 107. What are a lot of investors doing? Selling off treasuries and buying US dollars? If yes, then it's a bet that the dollar will appreciate more than inflation will increase because nobody goes into cash at zero percent interest unless they think that their buying power will increase more than inflation and other investments will.

Now if oil becomes a proxy for holding US dollars then those dollars will start rotating into solid oil companies. Gotta see how all of this plays out. Btw they are starting to use AI in developing geological models I read. Very powerful tool. 


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