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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

Post by kegmanon Nov 06, 2024 11:57am
238 Views
Post# 36299031

The weight of Trump

The weight of TrumpHe will not allow Mudaro to sell his oil.  Sanctions back on.  Iranian sanctions will be huge.  There is nothing to ramp up in shale plays really of any significance.  What can he do with Keystone.  Would take huge subsidy and guarantees to get that started again.  So with those thoughts, even if Opec + ramps up a bit...tit for tat.  Real issue is whether Iran throws big rock at Israel before changeover in White House.  Netty will feel rather emboldened.  I agree that Trump would sacrifice a trillion Palestinians , Persians and Lebanese to wrap this up.  Netty will have free reign but he has to do it quick.  What does that do to oil for BTE in Q4?  In the meantime oil will yoyo like today.  Totally not sustainable for any economy but Trump has no concerns until Feb 2025.  Biden is truly the lamest of all ducks.  Meanwhile, back in Canada, the NDP...I mean Liberal NDP alliance will go on until fall 2025 so everyone can get their pensions.  TRudeau was always a NDP.  Just used Liberal banner to get elected.  How much damage can Guilbeault do before then?  
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