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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 / 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

Baytex Energy Corp
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Comment by NewInvestor3on May 03, 2016 4:59pm
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Post# 24838339

RE:RE:API

RE:RE:API
d_trump wrote: Market seems to like the numbers - the build is modest and slightly less than expected and very healthy distillate and gas draws. Gave WTI a modest pop


The build in crude was a lot higher than estimates. Also the draw on gas and dist were not as high as they should be for this time of year. Also the market has reacted negatively thus far (was at $44 pre API) but it is too early to tell what will actually happen as this is all retail. I would say it is slightly bearish but tomorrow EIA will be the real decider for the rest of the week. GTLA (for the record I'm currently in cash).
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