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 > AEI Inventory report

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Comment by Moemoney42on Oct 18, 2023 2:02pm

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Post# 35689419

RE:RE:RE:RE:RE:RE:AEI Inventory report

The thing about the gas builds.. when the price is high, people tend to buy less at the pump weekly.. when the price drops, as it did last week, folks decide lets "fill er up" when the price is low.. so with 10's of millions of drivers state side, when they collectively decide to buy, the numbers react accordingly.. nothing to see here folks.. its steady as she goes IMO..

masfortuna wrote:
jack4567 wrote: "...so we should have seen a continuation of the build."

Maybe the reason no continuation of build was seen was that demand was so much in excess of supply that there was a net draw, despite the usual build for maintenance and tooling.

That 'could be the reason" BUT when I drive my car, I generally use the same amount of gasoline per week. These build/draws are jumping all over the place and if you look at the forecasts , they are less than 50% correct. That means that my 5 year old child would have a better chance of guessing if we have a build or draw than the API/EIA experts. That's not right...