Baytex Energy Corp T.BTE

Drilling complications and sand - Reuters Feb 15th

[BayStreetWolfTO]

All of a sudden a blast of supply issue news...media now switching attention?

I think everyone hears daily about the labour market challenges and equipment challenges in this new covid world.

Here is an example....something as simple as sand....

How can drilling be robust if we are having a tough time getting sand...I should grab some tankers and head to the Sahara...(kidding)



https://www.reuters.com/business/energy/oil-prices-soar-us-drillers-scramble-find-sand-fracking-2022-02-15/

"As oil prices soar, U.S. drillers scramble to find sand for fracking"

"DENVER, Feb 15 (Reuters) - With crude prices at their highest levels in years, U.S. oil drillers are trying to boost output fast, but their efforts have been hit by a shortage of sand to use for fracking operations.

 

Crude output is expected to hit records in parts of Texas and New Mexico, the heart of U.S. shale activity. Sand supplies are so tight that it is slowing the pace of work for some oil drillers, and higher costs for sand are eating into the bottom line for others."

[BayStreetWolfTO]

Am I in the twilight zone?? "But demand is still heavy as drillers look to cash in on crude prices that this week touched $95 a barrel, the highest in roughly seven years. Crude slid about 4% from those peaks on Tuesday but remained well above $90 a barrel.   "We can't get enough sand. We're running less than the number of (fracking) stages we could pump in a day

[Cobalt]

Now that is what i come to stockhouse for new ideas , Fac sand buy buy buy

[Cobalt]

And bought great thing about TA trading took me 2 mins to see the chart is a screaming buy , fundamental research bah dyodd oh 600% to get back to 2014 highs cheers posting on that board stopped in 2017 Nice lol

[Cobalt]

SLCA 108% since you dropped that tid bit Feb 15th thanks!