Baytex Energy Corp T.BTE

Taxes coming, again a short term view...

[red2000]

Rafi Tahmazian, a portfolio manager with Canoe Financial, says talk of slapping windfall taxes is short-sighted. "That doesn't get rid of your problem," he told CBC News in an interview. "It shows you how myopic everybody is in their thinking. You tax these companies, they're going to reduce their production."

For my point of view : It's a catch 22 for Gov. 
Taxing O&G producers === Less CAPEX, less boe/d === High WTI and WCS !

That's open the door to investors to receive more Div and special Div ! 

The true value of oil must be known. It's 90 to 100$US for 2023 nothing less !

In the other hand, nothing will change if the true price is not displayed, at 100$ the population will change its consumption habits. It will take 10 years or so to do it !

Lots of good news with this link :

Big Oil walks back climate pledges as earnings show 2022 was their most profitable year ever (As Baytex will reveal, BEST YEAR EVER DONE !)

https://www.cbc.ca/news/business/big-oil-profits-climate-1.6739808

[HighOctane89]

If you saw Biden giving his speech last night you also saw his ridiculous energy policy (stance) get shot down big time , no company will spend billions when government won't guarentee the ability to recoup that investment . Most of his aspirational BS will never make it through the House . trudope has alienated half his party , the ndp and most of the country . Ottawa is drowning in debt and

[Cobalt]

Whatever i will just buy US Oil they doing better anyways and so will big money , US cant pass that through with the GOP in the house.

[gareez47]

Right, Biden cannot enact a windfall tax by executive order, it is the responsibility of Congress. Trudeau will not enact a windfall tax as Canada is already collecting ever increasing royalties. But somebody should inform Singh because he apparently missed the memo.