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 > API Crude Oil Stock numbers just out.

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Post by smallcaptdron Apr 25, 2023 5:07pm

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Post# 35413342

API Crude Oil Stock numbers just out.

Solid draw at -6Mil barrels the consensus was for -1.6Mil so that could be positive for tomorrow's EIA. We knew that this week would be filled with bumps as far as US Data goes..but every failed peak is followed by a successful rebound. Just roll with the punches and if Oil ever did hit $75 it shouldn't be for long just a week ago talk was $90+ Oil and tonight's draw shows a market tightening up. Oil will head back toward $80+ and that's why we're seeing acquisitions happening in the Oil Industry every Oil Company has made serious coin over the last year so they're well funded and this should keep SP resilient.

United States API Crude Oil Stock Change - 2023 Data - 2012-2022 Historical (tradingeconomics.com)

US API Crude Oil Stock