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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 HighOctane89on Feb 23, 2023 11:21am
234 Views
Post# 35300824

EIA report makes no sense

EIA report makes no senseThis EIA report doesn't make any sense , it says refinery inputs are down (running at 86%) but both gasoline and distillate production is up ????  How does that work ? Less in should mean less out , not more .

Crude oil imports averaged 6.7 million barrels over the past 4 weeks , that equals 187.6 million barrels of crude imported over the past 4 weeks . The 180 million SPR barrels released were over a 7 months , so is there any wonder inventories are increasing ? 

Gasoline inventories were down 1.9 million barrels and remain 5% below average , distillates increased but also remain 12% below normal so demand is still strong . A lot of double talk in that report but what else would you expect ? 
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