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 Middle East is a bigger problem each day

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Comment by Retiredgeoon Nov 10, 2023 10:09am

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Post# 35728155

RE:RE:RE:The Middle East is a bigger problem each day

I'm no global economist either. I just listen to what the gurus say and most of them have subdued predictions for 2024. I see the oil traders just piling on to the band wagon. Why now? - maybe China was the excuse to sell. Will others follow? Dr Copper is already down 10% from last summer's high.

With an inflation rate of 5% your cash is losing buying power at 5%/year. I don't have any recommendations but cash is a losing bet.

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Advancing flagship Ishkõday Gold Project in Ontario