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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
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Post by smallcaptdron Oct 12, 2022 10:51pm
197 Views
Post# 35021315

Production Cut Is Luring Hedge Funds Back To The Oil Market

Production Cut Is Luring Hedge Funds Back To The Oil MarketThis is a positive sign that the markets are expecting higher Oil prices but like I said, cutting production is one thing but getting the Oil traders to go along with running Oil higher is a whole other thing and right now the negative data on Oil demand that is weakening is overpowering OPEC bullish trend for higher Oil maybe cut out another 1Mil bpd. We have been through a rollercoaster ride starting when the FED raised rates in Sept then OPEC decision also changed the Oil market and we are in a period when both driving forces are letting the dust settle before the next power move. Tomorrow 8:30am US Core Inflation and Inflation Rate see what that does to the Oil market.   Last week we had 5 green bullish days for Oil and if tomorrow is red then that's 4 bearish days so far this week for Oil so will it be 5 for 5 or will Oil squeeze out 1 day that Oil rises on the US market?


Luckily, OPEC+ has just gifted the bulls a new lifeline. The cartel’s decision to cut production by 2 million barrels in November has revived the oil price rally, and hedge funds are rushing back in

OPEC+ Production Cut Is Luring Hedge Funds Back To The Oil Market | OilPrice.com
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