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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 Jan 06, 2023 12:14pm
121 Views
Post# 35207106

Just a feeling

Just a feelingI'm really leaning towards Monday Oil being higher and by then Colonial Pipeline should be back up and running over the weekend as you can see Line #3 moves a lot of gasoline and distillates that will make a difference once the Line is up and running creating a draw on Oil, but also today's high over $75 has been the first since Wed and it's showing a slight advantage of notching higher plus there's no US data really till Thursday when US gives Inflation numbers so maybe today you might want to pick up a few cheap shares and if Monday is higher than great and if its lower average down but I'm thinking of holding over the weekend as being wise. But make your own decision.


Line 3, with a capacity of 885,000 barrels per day (bpd), runs from Greensboro, North Carolina, to Colonial's hub in Linden, New Jersey, carrying gasoline and distillates.

U.S. pipeline regulator probing 60-barrel leak on Colonial's Line 3 -source | Reuters
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