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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 riskion Nov 04, 2024 2:17pm
206 Views
Post# 36295731

RE:U.S. Election

RE:U.S. ElectionI think there is a lot of upside risk to the oil price following the election. There is reasonably good evidence that the Democrats have used a number of tactics to suppress WTI and those tactics can't be continued indefinitely without causing a massive supply-demand imbalance which is already likely much worse than what we understand. The political programs and policies will stop (not immediately, but within a few weeks) and the price will have to be allowed to go higher to curtail demand.

Hopefully everyone here tood advantange of this unique opportunity to build ownership in extremely valuable oil companies - none more undervalued than Baytex energy.

A massive wealth building opportunity. 

Wortep wrote: Once the US election is completed we will be back to $80+ for a barrel of oil. 


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