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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 Ocalamanon May 01, 2017 8:46pm
94 Views
Post# 26189870

RE:Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market

RE:Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market
likegrowthstock wrote:

Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share

 
  • Saudi Arabia lowers pricing for June crude for sale to Asia
  • State-owned Saudi Aramco raises pricing to all other regions

Saudi Arabia, the world’s largest crude exporter, cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market. The kingdom raised pricing to all other regions.

State-owned Saudi Arabian Oil Co., known as Saudi Aramco, lowered its official pricing for Arab Light crude to Asia by 40 cents to an 85 cent discount to the regional benchmark, it said in an emailed statement, in line with the median estimate in a Bloomberg survey of five refiners and traders in the region.




not to worry,they just finalized the 100 % ownership in the largest refinery in the USA in Texas, yes,the home of huge shale resources and will be in a position to proccess whatever crude they want to produce and they may just start producing more Saudi crude ad less Texas Crude, increasing their market share by denying USA crude inputs

Bullboard Posts