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 > WSJ Article

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Post by masfortunaon Nov 22, 2022 9:00am

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Post# 35118179

WSJ Article

So if we are to believe the pundits, one "news alert" from the Wall Street Journal caused gobal oil prices to drop 4-6% in 1 hour, and then only to recover 2 hours later. It required the UAE to step in and publicly discredit the WSJ "news statement". All this sounds a bit fishy to me. I feel bad for those who panicked and sold on the fake news. Or was it fake news? At this point, manipulating the media would not surprise me.

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