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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...
/ 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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TSX:BTE - Post Discussion
Baytex Energy Corp
> Rig count change immaterial - US change +10. Great news!
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BayStreetWolfTO
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Post by
BayStreetWolfTO
on Oct 15, 2021 1:09pm
Rig count change immaterial - US change +10. Great news!
As supported by the fact that the Lower 48 Production in the US didn't change week over week...rig count change is immaterial.
The major companies and shale players are sticking to their guns at $80 oil....SHAREHOLDER RETURNS..
Supply crunch will continue to play out...
Reference:
https://rigcount.bakerhughes.com/
(6929)
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BayStreetWolfTO
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Comment by
BayStreetWolfTO
on Oct 15, 2021 1:15pm
Permian Rig Change = +1 Eagle Ford Rig Change = +2 Immaterial!
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