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

Post by rayjd93on Feb 21, 2017 12:53pm

142 Views

Post# 25872279

Goodbye Brent contango

https://www.cmegroup.com/trading/energy/crude-oil/brent-crude-oil-last-day.html

No more money to be made with floating storage. Been like that for a while and that old inventory has mostly flooded into cheaper on land storage (and of course sold by bears as the end of the world). Hurts for a bit for sure in the inventory reports, but it is a very necessary and inevitable part of the market balancing.

Bullboard Posts

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