Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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.

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Baytex Energy Corp > VERY INTERESTING Video (11m10s) On Iranian GHADR BM

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Comment by Kelvinon Oct 03, 2024 10:15am

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Post# 36251529

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

HeavyBanana, I have no idea of the time lag between cause and effect if oil prices ran up to, say, $110 per barrel or more.

Cleveland Fed said that oil prices contribute about 30% to inflation. As inflation increases consumers cut back on consumption unless real wages rise in lockstep with inflation.

So I guess that the question is what would happen to inflation as oil prices rise and what's the time lag between rising oil prices and rising inflation. I'd say pretty quick. So you're reasoning and time line make sense to me.

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