Baytex Energy Corp T.BTE

SPR Release November

[jleer42]

SPR release extended into November past the US election, with 10M in Nov. No increase to the 180M barrels total. 

A bit longer before we see the after SPR release oil price rise...


https://www.reuters.com/article/usa-oil-spr/u-s-to-sell-up-to-10-mln-bbls-of-oil-from-emergency-reserve-for-nov-delivery-idUSL1N30Q1SW

[HighOctane89]

Its just more smoke to obscure the view , there never was a possibility of an Iran nuclear deal but that story kept getting revived as a bearish arguement . The paper market plays nervous neely but supply is the true measure which msm refuses to acknowledge . I have said it before and I'll say it again , NA keeps kicking the can down the road and keeping gasoline on sale will only exacerbate

[Hightowntrader]

Did anyone watch 60 minutes last night? It's not really on my radar anymore, but I saw a commercial during football and recorded it, as it was about Biden,  and then a one on one interview with the Iranian president. Iranian president segment: I pointed out to the wife what Lesley said as she wore a Hijab..."I was told what to wear, not to sit before him, and not to interupt him

[HighOctane89]

I saw that Iranian President on 60 minutes last night , how does anyone seriously suggest there is a deal to be made there ? He has no respect for anyone or anything and now he is on his way to the UN meetings in NY , his attitude should open a few more eyes to the risk these clerics are . I may be imagining things but I seem to be noticing a growing wave of energy awareness in the US at least

[masfortuna]

Bingo! Lol! That's 2 bingos today. At 3 you get the BIG Surprise Prize :)

[red2000]

Interesting chart...

[marketsense]

Interesting is right.  Biden released another 10M bbl of sweet crude for the Nov election. The thing is,  it will not go to US market  as US refineries are not able to process it so, it will get exported abroad.  This wasteful  extravagant use of the SPR is shameful and not what it was intended for.   Well thats politics at its lowest but who's going to stop it.

[HighOctane89]

Whereare you getting this information , I see some Dem's sent a letter to Biden "asking" for a continuation of the SPR releases but I can't find anything that says this decision was made . Sounds to me like more phantom supply chatter , unconfirmed 2nd hand information from a 3rd hand source .  

[GoodLife60]

https://oilprice.com/Latest-Energy-News/World-News/10-Million-Barrels-Of-SPR-Crude-Going-Up-For-Sale-For-November-Delivery.html

[Volkomm]

The DOE website for SPR is quite user friendly surprisingly. https://www.energy.gov/articles/doe-announces-notice-sale-additional-crude-oil-strategic-petroleum-reserve One thing to note is that a notice for sale does not equal barrels delivered. We saw on a few past NOS's that they were not fully allotted.  I agree with another poster that a lot of this will likely be exported. 

[GambinoB]

I'm surprised you never hear about this chart in the media.