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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 masfortunaon Oct 20, 2023 4:23pm
243 Views
Post# 35693774

RE:RE:RE:RE:CPP pension fund on the hunt

RE:RE:RE:RE:CPP pension fund on the hunt
Retiredgeo wrote: Fossil fuels are outside of the carbon cycle and pump more C02 into the environment then there once was (pre-industrial revolution 1600 c.e.).  Increased CO2 has been linked to climate change.  No one is talking about reducing CO2, only reducing the rate of increase of CO2.

Climate change is good for some and bad for others.  The rich can move.  The poor get screwed.


I am old school so I deal with facts and facts alone. Here are a few:

1.    .04 % of the atmosphere is carbon dioxide which amounts 417 parts per million and it is estimated that 15 parts per million are caused by human activity (which includes agriculture).

2. A full grown tree consumes 48lbs of CO2 per year. With the estimated amount of trees in Canada at the moment, we are carbon "NEGATIVE". 

3.  Estimates give an average  1.5 degree increase in ambient temperature over the next 20 years which is "LESS" than the amount the temperature changes in 1 full day.

4. 68% of earth's land mass is in the northern hemisphere of which 42% of that is ;ocated in a perma frost zone.  Assuming the coastal areas would become floodlands simialr to Holland or lower Louisianna, humans would gain a net 26% of arable land in the process.

5. Human population growth appears highest in areas that can least afford it causing deforestation to create arable land which further increases Co2 levels. An example would be Nigeria which is expected to hit a population of 300 million in 20 years.

I am all for having a discussion on climate change BUT it appears this discussion has been completely one-sided.
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