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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 > Re-Fill of SPR
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Comment by Hightowntraderon Dec 12, 2022 6:16pm
176 Views
Post# 35167251

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Re-Fill of SPR

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Re-Fill of SPR
Marty57 wrote:
Meanwhile the time when oil starts to flow on TransMountain continues to inch closer.  In spite of being the biggest ESG clusterfck in history, progress is being made on the construction of the pipeline and as far as I know the first oil is expected to flow around the end of 2023.  There is only so much obstruction that the liberal government can conjure up to delay the pipelines ultimate completion.

What I am most curious about is the impact of on WTI-WCS differential once TransMountain starts to flow.  It will be the first time when significant volumes of Canadian oil will be available for export from a Canadian port.  I suspect that WTI-WCS differential will shrink to factors determined by transportation costs and oil quality, which I think is around 10 or 12 $Cdn per bbl.  So, US administration better get on it if they want to fill up the SPR with cheap WCS oil.  Once TransMountain gets flowing the scam of large WTI-WCS differentials might be history...and thank God for that.
 




Who exatly is the potential buyer of this oil?  The same countries that are getting Russia's oil for $60?



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