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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 Jan 18, 2022 9:13am
179 Views
Post# 34327750

Bloomberg - Jan 18 - Russia struggle continues...

Bloomberg - Jan 18 - Russia struggle continues...Most of those investing in Oil and Gas have known for quite some time Russia is struggling. Further information on the situation

Reference:
https://www.bloomberg.com/news/articles/2022-01-18/russia-seen-struggling-to-keep-pace-with-opec-oil-supply-hikes?sref=By7uNNel

"Russia Seen Struggling to Keep Pace With OPEC+ Supply Hikes"

"Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel demand rebounds from the pandemic. 
 
With crude already trading above $85 a barrel in London, the outlook for Russian output leaves the global market looking even tighter than expected. It risks amplifying the energy-price surge that’s contributing to the highest inflation in decades. 
 
In the booming Asian physical market, Russian premium ESPO crude -- a favorite grade among Chinese processors -- has already surged to the highest since November amid declining inventories in China, according to traders."
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