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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 riskion Aug 02, 2023 8:18am
137 Views
Post# 35568405

RE:RE:RE:Oil price.

RE:RE:RE:Oil price.

The adjustment factor (which is new, vague, and difficult to understand) seems to be causing large discrepancies between api and Eia. 

There are some in the industry that believe it is just a fudge factor being used by the us government to keep a lid on oil prices. But like telling a long running lie, that would seem like a dangerous tact as eventually the whole market could blow up when the truth is exposed. So I'm not sure. But if true, they would make terrible chess players. 


liljohnnyjoke wrote: The biggest discrepancy between API and EIA inventories I have seen over the years is 11 million so this has potential to break that record. How can an estimate of a draw of 900k balloon to 15.4M in one week? Unless there was some sort of month end math error correction by API? Guess we will find out later today what math EIA is using.

 

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