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 > Watered plants ..lol

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Comment by Kelvinon Jul 28, 2023 7:30am

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Post# 35561092

RE:RE:RE:RE:RE:Watered plants ..lol

Further to my last post I've been told that you really have to dig into the details of the futures contracts. For example, if a company has committed to deliver oil that they don't have then in order to deliver on their commitment they have to buy it in order to be able to deliver it. If the oil price that they buy oil at goes higher than the price that they agreed to deliver oil at, then they lose money. So, it's not always the case that sp increases with increasing wti. So I have been told.

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Advancing flagship Ishkõday Gold Project in Ontario