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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Comment by bagoon Feb 19, 2017 8:05pm
249 Views
Post# 25868112

RE:RE:RE:Oil math

RE:RE:RE:Oil math He hasn't factored any real numbers and was pumping NG the last couple of months and now that's down to 2.77 tonight wihile oil has held up the whole time NG was coming down. So far OPEC already talking about extending the cuts and the so called gasoine glut hasn't had an effect on the oil price. Depletion is a big deal and takes huge dollars to keep production at current levels so that is going to keep production flat at best. If and that's if we get a rise in production for 2017 it won't be enough to match the demand growth. The numbers don't add up and the market will have a huge awakening this year or next. With so much negatve media lately on builds and a gasoline glut why is oil trading close to 54, you would have thought we would have broke through 50 already but it didn't and now we are heading into driving season with fragile poiltics at best. Techinically we are about 1.5 from breaking to the upside and then next will be to break through 58 and I see that happening by the end of March....mgba
Bullboard Posts