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 > API Massive Oil draw -13.932M Oil. Total -12.613M

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Comment by 1234bmthon Aug 23, 2022 5:22pm

336 Views

Post# 34915464

RE:API Massive Oil draw -13.932M Oil. Total -12.613M

At this decline rate of oil inventory, even Iran deal can't contribute significant supply to the market, but the news may create a short term ceiling to the oil price, but if the deal doesn't go through, oil will jump significantly on the news.

BayStreetWolfTO wrote: People still talking demand destruction, economic weakness?

Oil -5.632M
SPR -8.300M

Total Oil -13.932M

Gas +0.268M
Dist -+.051M

Total Draw -12.613M