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.

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Baytex Energy Corp > Oil down tonight

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Comment by BayStreetWolfTOon Nov 23, 2021 8:25pm

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Post# 34159656

RE:Oil down tonight

My suggestion is a quick call. The best I can do. He may be able to help you it's worth a shot

George (403) 943-5656

Unlucky13 wrote:
Maybe Biden is planning on a weekly SPR release of 50 million. That would sure stifle the rally. So much for drawdowns on the EIA, nothing but builds coming.

Heard something of the sort on oil whisperer. Imagine if China, England, India and Japan start doing the same every week, wow! Talk about an epic downturn

I feel these releases are just getting started and the oil salt mines will continually be drawn and quickly replenished. This scenario could send oil into a mighty tailspin. Biden is desperate to save his poiltical career and I feel the floodgates will open soon with multiple SPR action week after week starting now.

OPEC hasn't reacted to the 50 million. That is a mistake and it will be too late to win the price war with the world's largest oil producer, the USA.