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 > So when does oil go up?

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Post by TheWokeLemmingon Aug 03, 2022 4:15pm

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Post# 34869324

So when does oil go up?

Here we are with a war, summer driving season, increased air traffic and tourism, OPEC+ cutbacks on production increases and a belief there will be a soft landing. Yet oil continues to tank. What exactly will it take for oil prices to move upwards? This is why I didn't cheer Joe's SPR release or demand destruction at $120 WTI. Days like today really test this supply crunch theory. GLTA I'm going to get drunk.

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