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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

Post by BayStreetWolfTOon Jun 11, 2021 10:03am
83 Views
Post# 33371519

Good Oil demand side data points

Good Oil demand side data pointsBurning more crude for electricity in the middle east. Significant increase from normal as summer begins

"The report mentions electricity consumption in Kuwait, which this week hit a new record as summer began earlier than usual. The report also noted that last year, Saudi Arabia burned 25 percent more crude for electricity production than normal. The Kingdom also said at the time that it may need to add 1 million bpd to its domestic consumption for electricity generation purposes."

Reference: https://oilprice.com/Energy/Oil-Prices/A-Scorching-Hot-Middle-East-Summer-Could-Send-Oil-Prices-Soaring.html
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