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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Post by BayStreetWolfTOon Jun 19, 2022 2:25pm
465 Views
Post# 34767664

Current holiday weekend has demand exceeds Memorial Day

Current holiday weekend has demand exceeds Memorial DayEvery single PADD up. Very interesting to see not a single PADD in decline across the whole country on this US holiday weekend given prices. My thoughts are maybe the rate increases don't impact until fall/winter due to the stash of cash many have. I mean summer and winter travel is mostly booked and paid for already....I have heard many places fully booked even for Christmas. It will be an interesting Summer/Fall....just in time for the SPR program to end.

'Patrick De Haan 
GasBuddyGuy
 
According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 6.3% from the prior week and was 7.4% above the rolling four week average. It was the highest week of 2022. Broken down by PADD:
PADD 1 +5.2%
PADD 2 +8.6%
PADD 3 +4.6%
PADD 4 +7.2%
PADD 5 +5.0%"
 
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