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 Apr 26, 2023 10:59am

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Post# 35414541

US Data bullish for Oil...

All US Data has been bullish for Oil and if Oil wasn't so caught up with Interest Rate Hikes this data would have been very bullish for Oil. Durable Goods reading blew by consensus of 0.7% with a 3.2% increase plus both API and EIA Crude showed solid draws along with Gasoline Stock draw so this backs what I said that the US and Europe economies are still stealth plus China is showing strong growth so once Oil finds its groove higher it'll rally and $75 Oil could be in the rearview mirror if tomorrows GDP comes in at 2% or higher. Let the bulls loose!

US EIA Crude Oil Stock
United States Crude Oil Stocks Change