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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 19, 2023 3:17pm
188 Views
Post# 35234019

Stopping SPR

Stopping SPRBiden has stopped drawing from SPR after seeing continued surpluses with Oil and they're waiting for Oil to head back to $70 to start the refill so where does Oil head from here? It does seem that $80+ Oil has been the resistance slowing Oil from heading much higher till data is bullish in manufacturing taking months. I did notice that gasoline is back up and if higher Oil continues Inflation will stay high forcing the FED to follow through with higher rates. If Oil ever did get extremely tight OPEC could reverse Oil production cuts by pumping 2Mil bpd back into the system.

The administration is negotiating purchases with U.S. energy firms to refill the reserve, starting with a base offer of $70 per barrel. 


Biden admin stops pulling oil from U.S. reserve after 14 months of draws  By Investing.com
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