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 > OPEC cuts mean diddly-squat to Oil traders

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Comment by GambinoBon Sep 05, 2022 1:47pm

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Post# 34942356

RE:OPEC cuts mean diddly-squat to Oil traders

You just figuring this out now?

smallcaptdr wrote: Well it looks like OPEC cut in production will hardly affect the price of Oil but I feel that this is the old "Finally got my foot in the door" mentality. This small cut in production will lead to more cuts as they will argue that this first cut didn't affect the price of Oil or cause a disruption in production causing tighter supply issues. What will happen now will be that every time that the economy proves that Oil demand is weakening you'll see OPEC coming in to make other cuts to production to stabilize the price of Oil will be there argument but its really just a way to keep Oil prices from heading to $75 by years end which I feel is a very realistic goal and one that I have been firm about since June. The real fact about how this cut is affecting Oil prices will come when the US traders are all back to trading come Tuesday. That's the other thing, Sept always sees all the traders back in full force after summer vacation ends, and everyone is back to work and school so there's usually a pickup in volume in stocks, and Sept to Nov has always been the 2 months where we see sell-offs in the markets so use caution and always run live Oil when trading. JMHO

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