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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 > Trump cutting off Oil Imports from Venezuela
View:
Post by Ztransformer on Jan 20, 2025 10:33pm

Trump cutting off Oil Imports from Venezuela

- will make life MISERABLE for Iran so Iranian HEAVY oil EXPORTS to US will be STOPPED

- this LEAVES MOSTLY CANADA to TAKE UP the SLACK as Iraq & Saudi Arabia are BOUND by the OPEC PRODUCTION LIMITS and the HIGHLY REGARDED Russian Urals crude oil blend is SANCTIONED and PRESENTLY OFF LIMITS to the US refinery complex

- Trump CAN'T put 25% TARIFFS on Canadian HEAVY OIL EXPORTS {WCS, AWB, COLD LAKE etc.} to the US as there are NO AVAILABLE SUBSTITUTES

* I am pretty sure that the NEW Secretary of Energy Chris Wright will CALMLY EXPLAIN to Trump that Canadian HEAVY OIL is INDISPENSABLE to the ECONOMIC HEALTH of the US and putting 25% TARIFFS on these IMPORTS is an ABSOLUTE FOLLY

z172
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Baytex Energy Corp