Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 269,000 gross 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.


TSX:BTE - Post by User

Bullboard Posts
Comment by 1nt2Tradeon Jan 29, 2016 1:44pm
73 Views
Post# 24506300

RE:RE:Crude futures are $41+ for 2016

RE:RE:Crude futures are $41+ for 2016Yup and the research I've been looking into supports your conclusion.

Raw futures prices are found to be unbiased predictors of future oil prices; that is, for the past two decades, the raw oil futures prices are as likely to overpredict as to underpredict future oil prices. However, while the average of forecasting errors based on raw futures prices may be close to zero, such errors are quite large over time. Indeed, raw oil futures prices provide relatively less accurate forecasts than models using both the futures prices and spot price (the “futures-spot spread” model).Therefore, incorporating information on the relationship between current futures prices and spot price improves the forecast.

There is some predictive value in different futures predicitng models but the futures price on it's own is not the most accurate.  

https://poseidon01.ssrn.com/delivery.php?ID=683099006066121017113031090108019069028040070052091020024000065025097117095125093111033017033127024056114079001027006024079115024023087064029006117067110076119113077031087021002080104023027088001078097086027067012005118012125116004064101089030066070082&EXT=pdf
Bullboard Posts