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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > API report today set to normalize levels possibly.
View:
Post by BayStreetWolfTO on Aug 17, 2021 1:53pm

API report today set to normalize levels possibly.

With constant draws my expectations is we see some builds in Oil and Gas.

Espcially with the increase in OPEC + August production. I would be very surprised to see any draws this week or next. This price has baked in some increase in production so we will see. 

Note last year this week the API reported the following including a major gas build.

Aug 18 2020 - Oil - -4.264M (draw)
Aug 18 2020 - Gas - +4.991M (build)
Aug 18 2020 - Dist - -864K (draw)
Comment by perstrudent on Aug 17, 2021 2:46pm
hard to say...gas buddy has last week demand basically highest its been....of course api and eia numbers can vary, but seems demand was there last week still.
Comment by BayStreetWolfTO on Aug 17, 2021 3:04pm
Yes I also read the gas buddy data. Certainly strong. I could be pleasantly surprised by a draw.
Baytex Energy Corp
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