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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

Comment by 65F09Aon Dec 01, 2022 10:35pm
224 Views
Post# 35145236

RE:RE:Shoulder season and CL inventory draws

RE:RE:Shoulder season and CL inventory draws
GambinoB wrote: Brilliant Sherlock...points exactly

This IS the historical season for build and called shoulder season

NO LONGER

Which means wait for spring. 

Bidem is in trouble and made a BIG mistake with the SPR

Unless you think Joe was smart and there was no issue selling the SPR this year

If so we know where you stand 

Lmfao


65F09A wrote: Posters keep saying 'we are drawing and it is shoulder season'.  Refinery utilization in November was the highest in the last 20 years.  Utilization averaged over 93.5% in Nov22 (95.2% week 4)  Peak utilization was in June this year at 94.2%.. CL got put through refineries and turned into products.

There was nothing shoulder season about it....




Keep posting dumb and dumber!

Oil traders will know that WTI crude oil (USO) usually does not perform very well during the shoulder season, which is roughly from the end of Labor Day to the end of October. This is the time after the summer driving season when gasoline demand wanes and also the time when some refineries will go down for maintenance in preparation for the winter heating season.

As you can see from the chart below, oil has fallen in thirteen of the last twenty years in the month of October. And in six of those years, it experienced a significant 10% or greater decline (when the numbers are rounded up). Based on the historical data, there is a 65% chance of oil falling this month and a 30% chance of a significant fall.

 

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