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

Bullboard Posts

Comment by d_trumpon Sep 27, 2016 5:48pm

67 Views

Post# 25283561

RE:RE:RE:RE:Numbers to beat

It may have been Raymond James (or another of the firms that is bullish on crude) who said we would see steady drawdowns in Q3 & Q4. So far they are right on the mark.

I think one factor is the narrowing of the Brent/WPI spread - this is causing imports to soften. I believe that one of the reasons the spread has narrowed is that global inventories are down sharply (something that does not get quantified regularly but there is strong speculation that this is the case). So its possible that global (non-US) inventory is in fact back to historical norms and this will allow US inventory to balance.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages