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 > LARGE Cushing OK BUILD !!! NICE US Crude Oil Inv. DRAW !!!

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Comment by Konaboyon Dec 08, 2021 9:16am

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Post# 34209929

RE:RE:RE:RE:LARGE Cushing OK BUILD !!! NICE US Crude Oil Inv. DRAW !!!

EVEN with the LARGE US SPR crude oil STOCKPILE RELEASES !!!

I would not consider the ongoing weekly slow leak (since July) to be a "large release". I would consider it an ongoing slow weakening of the US position, and their threat (with no action yet seen?) to conduct a large release.

Eigen337 wrote:
1.7 million SPR SOUR barrels were RELEASED for the week ending on December 3, 2021 !!!

They GO DIRECTLY to the US COMMERCIAL crude oil INVENTORY STORAGE even if they are LATER EXPORTED !!!

This is my opinion only.

Eigen337