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

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Post by smallcaptdron Mar 11, 2023 1:21pm

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Post# 35332648

OPEC Is Back In Control Of The Oil Market

OPEC said that they're in control again and I agreed other than rumors of UAE leaving. OPEC said the real production growth will come from Saudi, UAE, Kuwait which are eager in turning it up but there are a lot of other projects on the table which will make up for US Shale who's slow at reaching its highs prior to COVID and we're still dealing with Russia who cuts in production hasn't been seen nor has Russia came out in March confirming that 626K bpd were removed plus US Oil Stock isn't showing huge demand other than feeding Europe with Oil Tankers filled to the brim. Lots of Oil to feed future ailing US and Europe economies while China isn't fulfilling its guidance given at first by lowering GDP to 5% a level that will live under the shadow of years prior to COVID even a novice can look at the chart seeing that 5% won't cut it so if China is looking for year-end to being at 5% imagine where it's at now, not good. the real demand for Oil is for fuel as refineries come online but with that much demand, it will be spread around till they all balance out so that's where demand is. Because China came out so early in the year reducing GDP could they still be at the high end and might not be reached this year giving $100 Oil another year away or 12-18 months It is left up now to the FED will they be aggressive or let the US economy take a chance of building momentum and keeping Inflation higher we'll know Tue where US Inflation is and best case scenario is Inflation 5.5% for bulls.

China Full Year GDP
China Full Year GDP Growth