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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 Mar 06, 2024 12:33pm
202 Views
Post# 35918338

FED speech is more of the same

FED speech is more of the sameThe FED started out positive slowly drifting towards no guarantee of dropping rates until 2% is hit and stays at 2% so this could be no rate cuts in 2024 or "later" like Sept and if oil continues higher it'll never happen and US Banks have foundations built on paper thin material and if only one bank fails kiss rally goodbye! OPEC "voluntary" cuts are a joke because Feb showed an increase of 100,000 bpd and with US surplus oil staying healthy wait till Canada starts pumping out 500,000 bpd extra. Even the FED gets things wrong from time to time because WW3 could happen, or epidemic-X could breakout like COVID so anything could happen at anytime and today China is mass producing more nuclear weapons with Russia and North Korea always threatening nuclear war every other day and bankruptcies are increasing. 2024 will be a year to remember for oil 
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