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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 Tradestayon Jul 06, 2022 6:50pm
211 Views
Post# 34806742

Citi Report Over Hyped

Citi Report Over Hyped
Cito call for $65 oil is based on world recession, within the same report they stated they don't perceive a recession is on the horizon in the US. Now how she we going $65, when commerical inventory for crude is below 5 year average, gasoline and distilalte is also below 5 year average. Ontop of this the SPR lost over 100M barrels in the last year, last week alone was a few million. Next week most probably will be more decline given 4th July travelling. So tell me someone how are we going to $65 how did they analysed that?. Lasty rates are increasing but check the rate charts historically we were well above today's rates pre pandemic and what did pandemic did? Answer it pumped cash into most people bank account. GLTA still hoping someone can give perspective on how we going to $65.
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