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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 vascris15on Apr 26, 2019 9:14am
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Post# 29673670

RE:Did I miss a trump tweet?

RE:Did I miss a trump tweet?
COMMODITIES: Oil Drops On Profit Taking Despite Surge In U.S. Growth, Supply Issues
2019-04-26 09:12:43 AM ET (MT Newswires)
   
   

09:12 AM EDT, 04/26/2019 (MT Newswires) -- Oil prices were down for the third-straight session early on Friday despite higher than expected growth in the United States as traders took profits after prices rose to six-month highs this week on squeezed supplies.

West Texas Intermediate crude for June delivery was last seen down US$1.11 to US$64.10 per barrel while near-month Brent crude dropped US$1.27 to US$73.08.

The drop came despite unexpectedly robust U.S. growth, with first-quarter gross domestic product rising 3.2% in the first quarter, 100 basis points ahead of expectations. It also comes despite the closure of a 750,000 barrel per day pipeline supplying Russian crude to Europe and the end of sanction waivers on 1.1 million barrels per day of Iranian exports.

"Market repositioning ahead of the U.S. GDP report has reportedly been a driver, as traders reduce long positions," Action Economics said in a research note.

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