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 > North America Rig Count change = -29

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Comment by TheCrowon Mar 25, 2022 2:39pm

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Post# 34546463

RE:North America Rig Count change = -29

You are wrong Wolf. Not bullish at all.

Its easy...shale is just gonna "turn on the taps" and flood the market. And they will continue to release from SPR cause that works so darn well at curbing prices.

Also, everyone is gonna be in an EV next week that will destroy demand forsure.

Plus nobody is flying anymore...not like jet fuel draws are beginning in earnest or anything.

Oil is gonna "crash" forsure to 90$ Us or 110$ Cad which would be a disaster. BTE would only pull in over 1$ per share of FCF. Terrible.

Also, "loading up the truck" on HED has looked really good lately.

....

Enjoy the weekend

BayStreetWolfTO wrote: Excuse me EIA....where is this big US production increase going to come from???

US rig count only +7
Canada rig count -36

North America dropped -29

With oil $113.56 RTQ????

Bullish

https://rigcount.bakerhughes.com/