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

<< Previous

Bullboard Posts

Next >>

Post by fortunefavorsuson Mar 03, 2022 2:06pm

137 Views

Post# 34480009

$185 oil say JPM if self-sanction continues

Getting little news play companies not buying Russian oil. I mentioned this the other day!

JPMorgan calls for $185 oil if Russian self sanctioning continues

Mar. 03, 2022 12:46 PM ETCNQ, PXD, BP, SHEL, CVX, XOMBy: Nathan Allen, SA News Editor89 Comments

Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. — peshkov/iStock via Getty Images

Energy Intelligence reported Thursday that self sanctioning reduced Russian crude oil exports by ~2.5mb/d; were the restrictions to persist, JPMorgan estimates oil prices would rise to $185 by year end.
Morgan Stanley wrote Tuesday that a geopolitical risk premium should be tacked onto current prices, and called for $125 Brent in the bank's "bull case."
Famed oil trader Pierre Andurand recently tweeted that all-time high oil prices from 2008 would equate to ~$222/b today, when adjusted for inflation.
Higher oil prices would be likely to benefit producers like Exxon (NYSE:XOM), Chevron (NYSE:CVX), Shell (NYSE:SHEL), BP (NYSE:BP), Pioneer (NYSE:PXD) Canadian Natural (NYSE:CNQ) and others.
For much of the past decade, energy price forecasters have focused on the cost of supply when predicting future prices; however, with the prospect of shortages, the focus turns to demand, and determining at what price oil will trade before demand falls to balance the market.