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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 2:48pm
209 Views
Post# 35918726

Canada just released EV due dates

Canada just released EV due datesCanada says by 2035 all cars sold must be EV but starting in 2026 20% have to be EV and the years go on
2027  -  23%
2028  - 34%
2029  - 43%
2030  - 60%
and so on so if the US follows suit ICE "internal combustion engines" will be done with by 2035 so 10yrs of oil in North America will kill demand starting in 2 years. Of course countries like India will be burning fuel but even China is on the EV wagon. So if your going long on oil from here long isnt that long. Once EV has the battery issues fixed EV could start selling sooner at rates that will outpace government regulations.
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