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 longer term upward trendline for oil

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Comment by BayStreetWolfTOon Jun 16, 2022 10:31am

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Post# 34761157

RE:The longer term upward trendline for oil

I think what makes settlement week exciting is the volatility. This ALWAYS happens.

Not too long ago WTI was $112.33

Now WTI is $114.88

The issue is liquidity right now and price can swing wildly...

That said $115 does take LOTS of pressure off

Not sure people are yet ready for a $120 base.....$110 maybe so hopefully WTI trades sideways for a while

Ultimately the issue if refinery capacity the crack spread is crazy....if international ramps up hopefuly that drops and WTI can continue the ascent with less pressure.