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.

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Baytex Energy Corp

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Post by smallcaptdron Feb 21, 2023 6:41pm

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Post# 35297317

US Economy Showing Strength

US Data was released at 10am today and I would have posted didn't have the time so this is why the market is red ahead of tomorrow's FOMC Minutes at 2pm than at 4:30pm API Crude Stock and if it comes in higher than 11Mil last time that would be incredible or EIA on Thur reading over 16Mil barrels not likely but this data show that the US is still strong and once we get past tomorrow the market will move on to the next thing. The FED will most likely announce a .50% increase coming and I wished that they would have done a .75% the last time and gotten it over with then the market wouldn't have to suffer twice for one mistake but after that, they will give a month or so with no increases until they have a better reading of the economy that's bullish to know going forward, it's crazy that you have to kill an economy just to bring down prices. With relative strength still in the US and Europe it should carry us through till China kicks in. Basically in another week were done with Feb and I'm thinking Mar will start showing China's demand growing we hope that Biden stops using SPR as a bandage he's reckless with SPR to bring it to a 1983 low so it running on fumes and can't continue and the only way OPEC will change is during a complete breakdown of sanctions stopping countries from buying Russian Oil, just imagine if that was proposed how high Oil would go, Russia is going to do something dramatic with Oil production now that the EU ban exports of $12Bil in Russian military products this slow stranglehold are backing Putin into a corner so I could see Russia increasing crude prices there's no need to be selling it that cheap and Iran announced that it's raising its prices for Asia so the trend is starting for higher Oil all around just have to let traders decide how far down Oil will be pushed before it hits support and a new rally starts. Let's get through Feb but don't kill the SP doing it.

Goldman: Russia May Have Received More For Its Crude Than Quoted Prices Suggest | OilPrice.com

Iran To Increase Its Oil Prices For Asian Buyers In March | OilPrice.com

US Manufacturing PMI
United States Manufacturing PMI