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 > Layman's Point of View on SPR

<< Previous

Bullboard Posts

Next >>

Post by CoachAmIon Nov 23, 2022 8:43am

238 Views

Post# 35121161

Layman's Point of View on SPR

Not sure if I got this right or not....

When Biden releases SPR, he is not just releasing it, he is selling it for the price at the time of the release. Usually, it seems to colide with high prices.

So if he "releases"/ "sells" it when WTI is at $85, then decides to re-purchase it at a later date when WTI is at $82, then isn't he making a tonne of $$$ for the US government?

I guess that the only concern he should have is whether or not there will be more supply at the later date or if he will be contributing WTI going higher.

Thoughts?

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading