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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 Kelvinon Oct 04, 2024 9:08am
105 Views
Post# 36252965

RE:Great US job numbers

RE:Great US job numbersYeah and lots of great paying jobs too. I read that the US gets about one-third of the global FDI (foreign direct investment). Money flooding into the US from all over the planet creating/expanding companies and jobs.

Cities like Atlanta are on a roll. Less exoendive tax wise, pretty much out of the hurricane zone, beatitul state of Georgia and close to markets with well developed transportation infrastructure. Now with AI really taking off I wonder if nat gas prices will rise. You can google to see that 60% of the US electricity comes from fossil fuels, mostly nat gas fired thermo- electric plants. 

If the US continues to get so much FDI and AI keeps on developing which requires a lot of energy then they'll need a lot more electricity. Nat gas? Can't see renewables keeping up with the surging demand but who knows?
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