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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

Post by smallcaptdron Feb 23, 2023 11:16am
227 Views
Post# 35300802

EIA Crude and Gasoline Oil Stock

EIA Crude and Gasoline Oil StockGasoline for the first time shows a draw this inline with traffic increases seen at a border crossing so this is great EIA Crude dropped by 9Mil barrels to 7.64Mil. We had to expect traders to react by selling Oil down but the trend is up and as we get closer to March Putin cuts will be the driver for Oil prices I'm thinking in a week or so China will show demand increases also adding to the bullishness so be patient today is the first reversal this week. Looks like Putin did exactly what I said he would and increases cuts to 625,000 I was way off saying 650,000 but in one post I did put 625,000 now let's hope my future prediction drive Oil over $85 materializes. It's great to see the head and shoulder trend break to the upside after hitting $73 support so Putins' timing was perfect. 


US EIA Crude Oil Stock
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US EIA Gasoline Stock
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