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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

Post by red2000on Dec 11, 2020 11:29am
143 Views
Post# 32088362

From Desjardins Bank analyst

From Desjardins Bank analystThe EIA presented an optimistic report with an inventory drain of 91 Bcf that exceeded consensus (-86 Bcf) and crushed the five-year average (-61 Bcf).
 
Market balances continued to tighten thanks to the support of record demand
of NGLs destined for processing in the United States, and despite the relatively weak short-term forecast, we note that Cooler temperatures seem set to arrive before the holidays.
Our three-week forecast implies a sharp contraction of the five-year storage surplus to approximately 190 Bcf by the Dec. 25 report (current 260 Bcf).

BTW : demand of diesel is climbing regularly means Economy is coming back.

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