Baytex Energy Corp T.BTE

When will the lies end

[Wildfury]

Oil Falls After API Reports Large Crude Inventory Build By Julianne Geiger - Oct 12, 2022, 4:00 PM CDT The American Petroleum Institute (API) reported a large build this week for crude oil of 7.054 million barrels. U.S. crude inventories have grown by roughly 28 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by nearly seven times that figure, at 184 million barrels. The build in crude oil inventories was made possible by the Department of Energys release of 7.7 million barrels from the Strategic Petroleum Reserves in the week ending October 7, leaving the SPR with 408.7 . Do your own math , they release data that shows a build in inventory of 7 plus millions of barrels of oil without mentioning a draw in gasoline stocks , a 3 plus millions of distalites ,ect. They mention a build of 28 million barrels with a draw from the SPR of 7 x that amount ..The SPR now at 408 million barrels ? In reality , the SPR at 408 million barrels of oil is basically 4.1 days of the world's daily energy consumption . Hopefully our new CEO who's American & has been a CEO at Civitas energy in the US. NYSE listing ? Possible sale ? One thing I've read about Mr.Eric Greagers track record seems to favour dividend increases with shareholders returns. He could be more active with promoting Baytex in the states, with debt reducing ,NCIB program action ,Clearwater ,Pevine wells amongst the best production in the play with more coming on line. Oil is still in the high 80's , everything is great .

[Moemoney42]

"The build in crude oil inventories was made possible by the Department of Energys release of 7.7 million barrels from the Strategic Petroleum Reserves in the week ending October 7, leaving the SPR with 408.7 . Do your own math , they release data that shows a build in inventory of 7 plus millions of barrels of oil without mentioning a draw in gasoline stocks , a 3 plus millions of distalites

[Maxmoe]

I think it's been proven we are awash with gullible people who swallow. Sounds great if you're at a bar. Not so great when so many are too stupid or too lazy to think for themselves. Mostly lazy. Every kind of information imaginable is too easy to find. It overwhelms to the point of constipation of thought. The utter crapola that swirls around stockhouse , and most of the internet , needs

[Maxwebster66]

Is the journalist not saying that it is the fault of the government that there is a build? That's how I read it at least .