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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > The war and the Russian embargo amount to nothing
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Post by TheWokeLemming on Dec 05, 2022 2:02pm

The war and the Russian embargo amount to nothing

Pretty brutal how easily the Russians can still sell their oil.  Says a lot about Biden and the EU.  

On the positive side, Cardinal now has a dividend that is paying 10%.

Comment by HighOctane89 on Dec 05, 2022 2:26pm
Yeah , makes you wonder when the public will start askiing questions , Biden is making the Ukraine a black hole for money . Ensure Russia can sell their oil so they can keep fighting while paying billions to arm the Ukrainians , it makes no sense . Left wing policy on energy has left most democracy's on the edge of disaster , Biden begs any dictator that will take his call to pump more oil ...more  
Comment by Greenday on Dec 05, 2022 3:51pm
@ HighOctane89 - Maybe it makes no sense to you but it makes plenty of sense to most ohers.  The USA is going to use Ukraine and its army to grind the Russian army into the ground.  No point in letting Russia become Saudia Arabia rich by selling energy to Europe.  Better to put Putin on his knees now before he gets more energy money and a little too adventureous.  Furthermore, ...more  
Comment by HighOctane89 on Dec 05, 2022 4:33pm
For starters , I don't think "Russia is a sick country" , their leadership is sick . As for Russia getting rich selling energy to Europe , Donald Trump pointed that out 5 years ago and was criticised for rocking the boat . It was the money Russia had already made and knowing the EU's reliance on Russian energy that put them into Ukraine in the first place .  Its pretty ...more  
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