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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

Comment by JohnnyDoeon Aug 10, 2022 7:25am
117 Views
Post# 34883886

RE:Baker Hughes Oil Rig Count

RE:Baker Hughes Oil Rig Count
smallcaptdr wrote: More and more companies are drilling for Oil and NG and the total Rig counts keep increasing,, sooner or later there'll be more Oil and NG production. Oil tightness will become a thing of the past.


https://tradingeconomics.com/united-states/crude-oil-rigs

Crude Oil Rigs
Baker Hughes Crude Oil Rigs

Total Rigs
Baker Hughes Total Rigs

Here you are with your narrative again. Rig counts are up from 3 months ago. Oohhh. Scary. Oil's gonna collapse. How about looking at a 3 year chart or a 5 chart instead of a 3 month? How about you do that? I dare you to post it.
while you are looking into 3 year charts, do some DD on tier 1 acreage and decline rates on shale. See if you can tie in the data to your narrative
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