Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Konaboyon Sep 10, 2022 4:17pm
226 Views
Post# 34954469

SPR flexibility

SPR flexibilityFlexibility is diminishing.  Recall that there are congressionally mandated (read: Legal Acts) sales slated against the SPR to pay for various stuff.

This doc gives a concise breakdown by Act:  https://sgp.fas.org/crs/misc/R45577.pdf

This article provides a prettier summary chart:  https://oilandenergyonline.com/articles/all/congress-calls-additional-spr-sales/

So if we were going to be at 410 million barrels in 2028, and we subtract the 180 used to buy votes this year, it brings flexibility down to 230 as the true 'remaining' reserve.

Even if there are no more inflation fighting / vote buying releases, the Administration does have the responsibility to release another 33.5 in 2023, which could be spun in the news.  Uncertain whether the 15.5 for 2022 has already gone out, but I would imagine so.



 
<< Previous
Bullboard Posts
Next >>