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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

Post by Tradinghandson Feb 27, 2024 2:58pm
190 Views
Post# 35902100

Effects of higher oil

Effects of higher oilHigher oil prices drives up production and transportation costs throughout the economy which are then passed through to food and core prices and higher oil canalso raise consumer and business expectations for future inflation indirectly raising food and core prices so the US will be backed into a corner when higher inflation numbers become a real issue and then interest rates will either have to be bumped higher which will kill the one global economy that is putting hope into the global recovery or the US starts selling SPR again to drive oil lower.  Higher oil is a killer and should be at $60 not $80, Maybe short sellers are panicking pushing oil higher but no matter why oil is heading higher its going to crash this party.
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