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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

Post by smallcaptdron Sep 09, 2022 10:13am
183 Views
Post# 34951956

United States Wholesale Inventories numbers just out

United States Wholesale Inventories numbers just outUS Wholesale Inventories number are at their lowest for the year and a lower number is great because it points to wholesalers having sold their inventories but I'm looking at it differently, 1st they could have marked down the prices of products just to liquidate and it's possible that manufacturers are slowing in producing produces plus with the threat of a recession wholesaler could be restricting how much inventory that they want to be holding so this positive number really could be a big negative. The other thing is that US Wholesale Inventory numbers are not market sensitive. 


United States Wholesale Inventories
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