Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp

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Post by BayStreetWolfTOon Jun 22, 2021 7:14pm

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Post# 33431726

Another great data point. Big drop 7.2m in API crude inv

Potential short covers tomorrow.

Wait for EIA. I wouldn't want to be short. Sentiment changing.

Great for Oil pricing and BTE

"The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 7.199-million barrels for the week ending June 18.

Analysts had predicted a much smaller draw of3.942 million barrelsfor the week."

Reference https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Get-Another-Boost-From-Falling-Crude-Inventories.html

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