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

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Baytex Energy Corp > Great visual on the SPR plunge.

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Post by BayStreetWolfTO on Jun 07, 2022 9:19am

Great visual on the SPR plunge.

Still very bad policy.

"Stocks of crude oil in SPR are at their lowest since 1987 (35 yrs). By the time the US government is done draining SPR, we will have ~370m bbls of crude oil left, which would be the lowest level since 1983."

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Comment by Moemoney42 on Jun 07, 2022 10:46am

Nice thing for us longs is they (US) will have to refill those barrels.. that will put additional demand in play going forward.. the US can't afford to let the SPR get too low these days of global uncertainty.. remember.. other gov't are starting to hoard oil, while the US is releasing from the SPR.. what ever could go wrong with that plan.. LOL..!

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Baytex Energy Corp