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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 10, 2024 9:48am
122 Views
Post# 36260742

RE:RE:WS Manipulators bringing oil back down

RE:RE:WS Manipulators bringing oil back downFrank, the bankers run all. This Trump vs Harris charade, left vs right is just distraction for "the great unwashed", the "useful idiots" disteaction "the shiny toy" that the monkey focuses in on in order to fool people into thinking that people actually have a say in determining how things are run. Fact is that the bankers have limited the options to Trump or Harris which the bankers both approve us because Harris and Trump will do what Wall Street wants and not necessarily what main street wants. So you're right! Try to figure out what the bankers want and make your bet accordingly. Seems that right now the bankers want lower oil prices which isn't good for companies with high break even costs and high debt loads. Good thing about bte is that their Canadian operations have low breakevens. Not sure about Eagle Ford. But XOM in the Permian have their breakevens down around $30 USD per barrel. So even if wti falls to $60 XOM is still making great money.
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