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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 Leewardcapeon Jul 30, 2022 8:26am
285 Views
Post# 34861993

Post From Tommy007 Below

Post From Tommy007 BelowThe problem with the news release is that it does not mention US refining capacity. Is it any wonder that the Biden administration had to sell 5m barrels of oil in the international market? The US oil companies did not want the oil...they would have to pay to store it. The refineries didn't want it, they are up to here....they have all the oil in the world and are operating at 94% capacity. You have to wonder whether this is a set-up to get everyone on the long side and sell to them...IMHO, naturally.
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