Heavy Oil Investing News » Baytex Energy Trust operations are still profitable

Baytex Energy Trust operations are still profitable

February 9, 2009 @ 9:14 pm In Heavy Oil Company News

Ray Chan, chief executive of conventional heavy oil producer Baytex Energy Trust , said his operations are still profitable at current prices but "if you were to layer on the cost of a (thermal) project or an oil sands mine it just doesn't work," he said.

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