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 > The SPR - a history; quick facts and other stuff

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Comment by dllscwbysfnon Jan 13, 2023 1:41pm

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Post# 35221721

RE:RE:The SPR - a history; quick facts and other stuff

Highly unlikely that they fill any of the SPR. They are at their max debt level already.U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress - The New York Times (nytimes.com)

red2000 wrote: Thank's 2021Gamble !

Very informative !

After reading all numbers, why US Gov want to refill the SPR as high as it was in dec 2021 : 594,7 MMbbl ! It's a none sense for me !

They made a lot of money during 2022...

594,7 - 374,7 (nov 2022) = 220MMbbl sold at 95,70$ - 29,70$ = 66$ per barrels
=== 14,5B$.

What they going to do with this money !

Finance CAPEX for US producers, cut taxes at the pump !
So Trudeau have to do something similar for CDN O&G producers !

I am still convince, CDN producers want a WTI barrels at 90$ US or so and a WCS barrels at 70-75$ US !

Only my O !