Baytex Energy Trust (BTE.UN-TSX)
Interview with: Raymond T. Chan, President and CEO
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Baytex’s split approach to heavy oil and conventional oil & gas aids in the evaluation of exploration, development and acquisition opportunities
 


Energy
Oil and Gas
(BTE.UN-TSX)

Baytex Energy Trust

Raymond T. Chan
President and CEO

Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFOinterviews.com
June 2, 2005

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“We like heavy oil for the reason that it is a commodity with less technical risk associated with it in finding the oil. The risk of heavy oil is that the price that you get has more volatility than the price for light oil. You have a lower margin barrel but the barrel is generally easier to find. Also, you are pursuing a commodity that does not have as much competition. We try to do things differently so that we do not have to compete head-on with the other trusts on commodities such as natural gas. We also want some balance in our production portfolio, which is why we have the 40% of our production base that is not in heavy oil. We are happy with that because it gives us a good balance so that we are not totally dependent on the fortunes of heavy oil prices.” - Raymond T. Chan

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