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 > Two possible factors

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Comment by BayStreetWolfTOon Dec 02, 2021 10:06am

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Post# 34189579

RE:RE:Two possible factors

SPR was a none event OPEC figured (only sour anyhow)

Omi "con" they are calling a con....

So really OPEC looks less knee jerk than Biden

Konaboy wrote: Hmmm ... but on the plus side, maybe no SPR release. Maybe folks have been a bit too quick to write this off as a non-event.

Konaboy wrote: Timing - everyone is planning for next year right now ... maintaining oversupply will stymie growth and investment plans at these lower prices

Omicron - they are writing it off, betting on all clear in January and basically no dip in consumption.

Dunno. Short term ;(