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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 HeavyBananaon Oct 03, 2024 10:05am
89 Views
Post# 36251502

RE:RE:RE:RE:RE:VERY INTERESTING Video (11m10s) On Iranian GHADR BM

RE:RE:RE:RE:RE:VERY INTERESTING Video (11m10s) On Iranian GHADR BM
Kelvin wrote: Stick to whatever you want but don't tell us what to stick to. We're talking macro possible outcomes. How's that esoteric? Quite pragmatic in my opinion.

OK so Israel takes 2 million per day off of the market supply. Short term prices spike but it causes demand destruction as global inflation goes nuts. Then how might Iran respond? Would they decide that "if we can't ship oil, then nobody in the region can". Can they make it happen? Go learn something esoteric to you but common knowledge to most informed people.

Hey Kelvin, what do you feel the demand destruction timeline would be if prices ran up hard? 6 months of super high oil or something much shorter? 

I won't mind scoring on such a scenario as energy stock prices would soar along the way to the inevitable demand destruction correction and I'd jump off at the point it seems economies are being severly damaged.

I can see max profit if timing is good.


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