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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 Nov 18, 2022 1:21pm
162 Views
Post# 35110931

Oil Rout Intensifies As China Cuts Oil Purchases

Oil Rout Intensifies As China Cuts Oil PurchasesChina has asked the Saudis to ship less Oil in December and this is big as an Oil's negative driver, with everything going on Oil could be trading in the lower $80+ even dipping into the $70+ because China dictates Oil's movement and with COVID issues they're no longer a bullish driver so on top of this development you have the FED saying that Interest rates could hit between 5%-7% another blow to Oil and when the 2 largest economies start to falter the main players cut Oil demand large. I still believe strongly that Oil will be back in the $80+ and we'll see if traders sell off Oil before exiting or move it higher but right now the bulls aren't players and if Oil opens Sunday in the $70+ it'll be interesting to see if overseas carry through with their Friday sell-off and retest $76 another $3 lower



Oil Rout Intensifies As China Cuts Oil Purchases | OilPrice.com
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