Baytex Energy Corp T.BTE

JD, Red, Td etc al...battle of the rigs

[BayStreetWolfTO]

I have been looking at the data and it is interesting. While we all read the stories about material and labour shortages I was looking at the rig demand splits based on commodity. 

Maybe interesting maybe not but from Jan 7th to Apr 1st the following rig count changes were reported

Gas rigs +28.9%
Oil rigs +10.8%

Now we all know the oil rigs and fracs are not growing at the rate required BUT with all the attention to help Europe get off Russian natural gas....do we see a battle for rigs?

With natural gas prices still elevated this could be interesting to track.

Another issue oil supply will have to deal with. In the winter people talked about gas to oil switching...now we hear reports of coal surge...these are certainly interesting times.

[JohnnyDoe]

yet here we are in Canada and the big issue of the day will be free dental care. it's absolutely stunning that we are sitting on massive reserves of oil and gas and politicians from all parties and provinces have miserably failed to build infrastructure that enables us to export. I wonder what colour of socks Justin will wear today. That's likely his big decision for the day

[masfortuna]

LMAO JD!  I have been saying this for the last 10 years.  Countries with petro economies have susbsidized the needs of the citizens with the profits they have gathered through the sale of oil.  Furthermore many have very little tax if not at all.  And the icing on the cake is that in some countries (i.e, Saudi Arabia, Qatar, UAE etc.)  ALL CITIZENS receive a dividend check

[GoodLife60]

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