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 > SPR slows down draw down 4.6m from last week.

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Comment by TheWokeLemmingon Aug 02, 2022 11:04am

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Post# 34865707

RE:RE:RE:SPR slows down draw down 4.6m from last week.

Agree BSW. With all the headwinds and obstacles put in place to keep oil prices down, it's a minor miracle that WTI is still at $94. Just goes to show how bad the supply crunch is.

For those companies ahead of the curve on returning shareholder value, 2022 is still looking great as the wheat gets separated from the chaff. Others will have to wait until next year. My opinion only.

BayStreetWolfTO wrote: It sure has Woke. Some think the SPR hasn't done anything...it has!

That said I know some were looking at 2022 being the year...not me...I have always said I looking forward to 2023.

I am surprised with SPR, Russia full, Iran near full, China lockdowns, Recession now into the 8th month and oil is $90

I wouldn't have believed you a year ago.

I continue to buy with divy money

TheWokeLemming wrote: It's been highly effective at knocking down WTI prices. And energy share prices too. Let's see what OPEC+ does tomorrow.