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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 269,000 gross 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 Feb 15, 2022 12:27pm
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Post# 34430408

Reuters Feb 15 - IEA was wrong? Of course they were..

Reuters Feb 15 - IEA was wrong? Of course they were..Great now all the headlines...IEA was wrong on the supply demand equation? Go figure...they have turned into a political body...

Their agenda to get people to push to renewables doesn't seem to be working...at least they admit they were wrong.

BUT now they are saying its all reflected in the oil price....OR SO THEY HOPE LOL


https://www.reuters.com/business/energy/tighter-oil-market-confirmed-by-iea-demand-revision-2022-02-15/

"Tighter oil market confirmed by IEA demand revision"

"LONDON, Feb 15 (Reuters) - An upward revision in historical oil demand by the International Energy Agency in its monthly report points to a tighter global market than the West's energy watchdog had previously estimated.
 
"Our balances are now more in line with observed market fundamentals, which underpin the view of traders. We believe the tighter balance for 2021 and 2022 is already reflected in the price of oil and the forward curve," the IEA told Reuters."


 

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