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 > Great visual on the SPR plunge.

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Comment by Moemoney42on Jun 07, 2022 10:46am

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Post# 34736902

RE:Great visual on the SPR plunge.

Nice thing for us longs is they (US) will have to refill those barrels.. that will put additional demand in play going forward.. the US can't afford to let the SPR get too low these days of global uncertainty.. remember.. other gov't are starting to hoard oil, while the US is releasing from the SPR.. what ever could go wrong with that plan.. LOL..!

BayStreetWolfTO wrote: Still very bad policy.

"Stocks of crude oil in SPR are at their lowest since 1987 (35 yrs). By the time the US government is done draining SPR, we will have ~370m bbls of crude oil left, which would be the lowest level since 1983."