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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 Dec 15, 2023 2:15pm
161 Views
Post# 35787181

RE:RE:My favourite news source

RE:RE:My favourite news sourceYeah Cobalt who knows? I keep on reading that retail and factory/wholesale prices are in deflation because of weakening consumer demand and that youth unemployment is at 20% causing a real headache for the regime in power there. Entire city blocks of huge condo complexes sitting empty for lack of buyers causing many property developers to file for bankruptcy. Evergrande for one. There are many more. These non-performing loans is hammering the asset side of bank balance sheets causing liquidity problems. I guess if we start to see Chinese banks go under and/or need to be bailed out then maybe we should begin to worry a bit. China is something like 18% of global GDP. I wonder if there's any correlation between global GDP and oil prices.
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