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

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Post by BayStreetWolfTOon Jan 19, 2022 9:26am

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Post# 34332103

Chart from Eric. Inventory data

Getting closer to the bottom red line...while he says $100 is likely....I would gladly take where we are now for a few years

Eric Nuttall

@ericnuttall

Just follow the data and connect the dots while ignoring any bearish spin: November OECD inventories are only 78MM barrels above the 2010-2014 average...a period when WTI averaged ~ $96/bbl. 2H'22 travel demand surge + OPEC spare capacity exhaustion = $100 likely by YE'22 IMO.