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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 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 > So much for tight Oil markets
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Post by smallcaptdron Sep 28, 2022 6:31pm
192 Views
Post# 34993500

So much for tight Oil markets

So much for tight Oil marketsFirst of all, they need to quit saying that the market is tight because it's not if they want to cut production so are they sucking or blowing and there's been a few news articles in the past saying that certain countries have the room to increase production and here's the latest news from the Gulf and other news articles. I'll be surprised if Oil hits $85 tomorrow if it continues to rally higher. IMHO I don't think that Oil needs to rally until Russia cuts over 1Mil bpd out of the system but for now, Oil in the $70+ is high for the times that we're heading for and once the recession digs its heels in the lower $70 Oil will be overpriced. On the bright side, there was money being made today.


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