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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 > White House Work With All Oil Producers To Ensure Low Prices
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Post by smallcaptdr on Apr 05, 2023 2:40pm

White House Work With All Oil Producers To Ensure Low Prices

I knew that it wouldn't take long for Biden to start flapping at the gums...


White House Will Work With All Oil Producers To Ensure Low Prices | OilPrice.com
Comment by Greenday on Apr 05, 2023 2:52pm
Why would producers want lower oil prices?  Must have something to do with Uncle Joe's Inflation Reduction Act.  Still trying to figure that one out.  How does spending money like a drunken soldier reduce inflation.    
Comment by red2000 on Apr 05, 2023 4:34pm
Look at it differently ! Probably Biden will reduce taxes on CAPEX and any others expenses !!! Or he want to finance at low int. rates CAPEX or any acquisition to help increasing BOE/D. It's like fixing the WTI price ! but it will favor oil producers who will increase their production. ! If that happen as I hope it's another good reason to make this acquisition of Ranger Oil ...more  
Baytex Energy Corp