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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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 > REPEAT - No new investments in this market
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Post by Franman184 on Mar 15, 2023 1:17pm

REPEAT - No new investments in this market

Todays action is the reason companies will not invest into new production. This just make the bull thesis even stonger for the available barrells of oil over the next 5 to 6 years. This downward action will mostly like accerlerate upwards at the same velocity when the barrells become scarce. The exact day and month I cannot predict but it is coming. GLTAL!!  Wish I had some dry powder. Feeel for the longs today with Margin accounts.
Comment by ashcake on Mar 15, 2023 1:38pm
Absolutely correct! it's already proven that oil demand doesn't weaken in a recession. 
Baytex Energy Corp