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 > Oil is definitely selling off @ $92

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Aug 25, 2022 6:32pm

158 Views

Post# 34921183

RE:Oil is definitely selling off @ $92

Hey Mr. Small.. have you cleared the use of Buffets image for a moniker with him.. or are you saving your pennies for the defamatory law suit coming your way..??? You sure have alot of "opinions" that you like to paint as facts.. wonder how Mr. Buffet feels about your comments and his picture attached... better have a good lawyer..!!

smallcaptdr wrote: Oil is bordering $92 and currently, at $93.05 the trading has subsided now that US traders are finished so we'll have to wait to see what they do across the pond tonight but I'm sure that they will trade Oil lower for tomorrow and they could run it up through the night and then sell it off at 9am as they exit. There are just too many reasons for lower Oil. Everyone needs to listen to the FEDs when they say that the largest economy "US" is heading for a deepening recession that will affect Oil demand or ignore it and tell yourself that cheaper Russian Oil and Interest hikes mean little and continue on your merry way.

WTI crude futures extended earlier losses and fell more than 2% to below $93 per barrel, backtracking the near 5% rally from the previous two sessions on the possible return of Iranian oil exports. Tehran said it is reviewing a US response to the EU's "final" text for the revival of the 2015 nuclear deal. The approval of the deal could lead to a surge in production and restore the exports of Iranian oil ahead of the EU’s embargo on Russian oil, set to start in December. Bearish pressure was also brought by expectations that Fed Chair Powell will echo comments from other policymakers signaling for sharp demand desctruction that would dampen energy demand