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 > Oil falls as US holds off refilling SPR:

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Comment by Cobalton Mar 24, 2023 10:58am

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Post# 35358580

RE:RE:RE:RE:RE:Oil falls as US holds off refilling SPR:

Could not agree more Election would come down to gas prices if too high

dllscwbysfn wrote: I think there is a reasonable chance that they draw more barrels out of the SPR starting in about 1 year. Why wouldnt they? There is an election to be won. Who cares about the country?
Cobalt wrote: "US SPR Refill to Take Years. According to US Energy Secretary Jennifer Granholm, replenishing US strategic oil stocks will be “difficult” this year due to site maintenance as the SPR remains at 40-year lows, and it would take years to refill last year’s 180-million-barrel release."

So never under the dems going into an election pushing up gas prices

dllscwbysfn wrote: So you think that adding 250 million barrels of oil to the market last year had no effect on the price of oil. Don't quit your day job, lol.
Also I have been saying all along that the dems would not refill the spr as they have no money for this and it would add to the inflation problem.
With any liberal government it is never about doing what is best for your country just whatever it takes to get elected.
dandu1924 wrote: This is an another fake excuse, because when they did release the SPR , this move did not affect realy the oil price. So the reverse is true also.