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 > Today's EIA Report:

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Comment by dllscwbysfnon Apr 26, 2023 1:04pm

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Post# 35414952

RE:RE:RE:Today's EIA Report:

It also leades me to believe that the economy in the US is hummin along pretty good. Which is bad for interest rates rising to get inflation under control but also likely means that we are quite aways off from a recession

dllscwbysfn wrote: The short term value really is useless. But the long term data shows where we are heading. Crude 1% below 5 year average, gas 7% below 5 year average, distillates 12% below 5 year average. All of this with the greatest release from the SPR. Long term unsustainable.
Also in the good old USA imports of crude up by over 8% compared to last year. I guess the americans could continue to buy oil to satisfy their needs and keep the price of WTI down but the oil they are buying has to come from somewhere. Just my thoughts but somewhere along the line traders will have to accept the fact that there is less oil in inventories.
Moemoney42 wrote: These reports have been virtually useless for a long time.. I don't put any short term value in them at all.. just a bunch of noise IMO.. They are too easily manipulated by one VLCC so how can you put any credence in them for real trading data.. you can't..!