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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 d_trumpon Jun 06, 2017 7:42am
91 Views
Post# 26328373

RE:RE:Oil production down per each open member

RE:RE:Oil production down per each open memberalso Iran's floating storage is gone - was 40M barrels.  Remember the OPEC is about production, not exports, so to the extent each member had inventory to draw from, they could maintain their exports as long as they could pull from inventory.  That option is presumably exhausted now, so OPEC exports will now drop to match their lower production levels.

With regard to this week's inventory, the consensus is a draw of 3.4M.  I think we need >5M.  A decent gas draw would be nice too (expectation is a small build).  It's also critical that production stop increasing - we have been getting small but consistent production increases all year - if we got even a small decline this week, that would be huge,
Bullboard Posts