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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 kegmanon Aug 20, 2024 4:58pm
137 Views
Post# 36188724

RE:RE:MAYBE YOUR WINNING AND YOU DONT KNOW IT

RE:RE:MAYBE YOUR WINNING AND YOU DONT KNOW ITI am betting they still buy as many as they can and make smaller debt payments.  The math only gets better as rates fall and they redo more of the debt.  If oil stays up.... more M & A activity too that only drives up the mid caps.  OPEC will cut again soon if the price does not get back to $77-78 range.  First announcement will be no upping the volume this winter.  That is a given now.  When Ukraine hits a few more refineries and/or Iran does something stupid and Israel hits one of theirs....since China is their only real volume client...price goes up again on tension.  The key in the Ukraine area is the Ukranian nuclear plant.  If that goes critical they won't hit the Russian plant that is near their entry into Russia...that would be condemned.  Russian refineries....that is another question.  Tit for tat.  There are so many things floating around oil right now.  I bought more today at $4.73.  Wish I sold more this week at $5.02.  I got greedy!  GLTA  Oil won't be down here for long.  IRAN will not do anything this week during DNC.  That would be stupid.  They do not want Trump but they do like the turmoil.  Hamas won't tell them to stick it until Friday too.  Will be interesting start to next week.  JMHO
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