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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
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Post by smallcaptdron Oct 13, 2022 8:47pm
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Post# 35023889

OPEC+ Cuts Could Lead To Supply Deficit In Oil Markets

OPEC+ Cuts Could Lead To Supply Deficit In Oil MarketsI can't see this happening now because OPEC could always reverse the decision to cut 2Mil bpd and reintroduce Oil production to the market. Once the global recession is in full swing then the world can fill up all the inventory tanks that they want to during a time when demand will be in major decline. Oil didn't feel very bullish yesterday or the days before and it's up to the US Oil traders to decide our faith. Oil will head higher but it's keeping it up there that matters and it hasn't been able to do that this year. See if they push Oil back over $91 tomorrow or not, either way hopefully next week Oil finds direction.


OPEC+ Cuts Could Lead To Supply Deficit In Oil Markets | OilPrice.com
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