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 CMendozaon Oct 02, 2018 7:13pm

240 Views

Post# 28733319

RE:RE:Why are ALL oil stocks down today?

Just clarifying my post. Got this from Baytex webstie "Approximately 80% of Baytex's heavy oil production is priced off WCS. The actual raw heavy oil price that Baytex receives for its heavy oil production is further reduced by the cost of blending the heavy oil with diluent to meet pipeline specifications."

CMendoza wrote: WTI and Brent futures were red today, not by much though. And I think Baytex and other Canadian OGEP companies fall under WSC? WSC was -7% in the red today lol. WSC is garbage right now, seriously selling at a 60% discount compared to WTI, its really pathetic. Also, oil futures and OGEP stock prices don't correlate 100%. Stocks move also by investors/traders emotion or they just want to take profits.

InvestoRob wrote: Wti and Brent trading at 4 year highs. Why are all oil stocks and oil etfs down today? Am I missing something?