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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 Oct 17, 2022 9:27am
183 Views
Post# 35028603

Whats driving Oil

Whats driving OilHere's what they say is driving Oil and it sounds like one of my posts.

WTI crude futures were trading around the $85 per barrel level as investors weighed a weakening global economic outlook against tighter supplies. Investors have been growing worried about a deteriorating outlook for demand amid intensifying macro headwinds, including high inflation, tighter financial conditions, Russia’s invasion of Ukraine, and the ongoing coronavirus pandemic. The US Federal Reserve’s aggressive tightening campaign against runaway price growth, a stronger dollar, and China’s Coronavirus-induced restrictions have also been limiting any upside move. Putting a floor under prices were growing concerns about tighter global supplies as OPEC and its allies, including Russia, agreed to cut production further ahead of the European Union embargo on Russian oil.

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