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.

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Baytex Energy Corp > The Sell Off Has Begun

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Comment by BayStreetWolfTOon Jun 15, 2022 10:59am

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Post# 34758008

RE:RE:RE:The Sell Off Has Begun

We are seeing a bit of demand destruction....fortunately holding WTI in the $100-120 range...

Without the SPR and a bit of demand destruction oil would run and short-term we don't want that.

In my opinion.

TheWokeLemming wrote:
Agree Wolf. The biggest issue at this point doesn't look to be a dramatic increase in supply as the idiots in charge refuse to abandon their climate alarmist vote base. Its demand destruction that we need to fear.

BayStreetWolfTO wrote: SPR saved the day again 7.7M...wait until the SPR is done 2023! Remember we want this....keep oil from spiking. Was a good report on that front. Maybe not good for short-term flippers.

Oil dropped to $116.72 on the news

Currently RTQ $117.30

Snowballer wrote:
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