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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Post by BayStreetWolfTOon Jun 10, 2021 9:05am

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Post# 33361220

Developed nations inventories dwindling worldwide.

While everyone looks at the US a big driver...it is important to note on a macro level globally developed nations are down large YOY.

Oil inventories in developed nations have declined by 160 million barrels since this time last year and will continue to drop in the near term, OPEC Secretary General Mohammad Barkindo said in a bullish outlook on the oil market at an online petroleum industry summit on Monday.

Reference: https://oilprice.com/Latest-Energy-News/World-News/OPEC-Head-Global-Oil-Inventories-Will-Continue-To-Draw-Down.html

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