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 > Energy Sec wants additional oil supply:

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Comment by marketsenseon Jul 23, 2023 12:06pm

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Post# 35553392

RE:RE:RE:Energy Sec wants additional oil supply:

Agree completely. Supply is tightening at the same time as the election cycle is
starting to get into full swing. Biden and the Dems will try anything to squash oil
prices so be prepared. More SPR releases has certainly been their go to card
and it has proven to be quite effective.

I don't know if they will go back to that strategy but I wouldn't count it out. The other
card they have in their tool box to suppress oil is to raise interest rates. That has
actually kept the oil price at bay for most of this year in combination with SPR releases.
Another 1/2 point or so will take some of the steam out of oil especially if the Fed
keeps talking it up about more future increases.

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