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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 kegmanon Sep 26, 2024 11:08am
143 Views
Post# 36242228

Opec will never allow it to crumble

Opec will never allow it to crumbleThere is a huge push right now to get inflation down.  Fuel costs helped drive it up.  LOts of pressure from Muslim countries to reign in Israel but that is not going to happen with Hezbollah.  Iran, the paper tiger is showing it's true clours and I think the crazies they have convinced to die for them will never see the light and will die without their support.  The evolution of the ME game is unfolding right before our eyes.  Saudis are losing control of the game too.  Do they save face and pump more only to lose the cash they need ?  December is after the elction.  I would be shocked to see the taps open with oil prices down here.  Load up on all the mid caps at these prices.  The issue is Ukraine is not getting better either.  It is a powder keg and Zelinsky might just fire a few deep into Russia no matter what the west says.  BTW, you cannot constrain a combatant in war if you want to win.  Unless Russia suffers, Putin gets what he want when he wants it.  Funny that US nuked tow cities and the allies burned Dresden to the ground but we can't let Zelinsky fire a few missiles into refineries or weapon depots?  That is my rant for the day.  Bought some today below $4.  Just traders.  GLTA
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