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 > Just a blip in the data

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Comment by raven16on Oct 04, 2023 12:36pm

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Post# 35669293

RE:Just a blip in the data

65F09A wrote: Ummmmmm.... You might need to dig a little deeper.

This WAS a global gasoline demand (supply shortage) led rally.

No oil should go to storage with this curve shape. It cannot be hedged. It should all sit in the physical market.

China crude coverage ratio recently got north of 130 days of demand.

Saudi's took barrels out of the market with a high middle distilate content making the global gasoline/refining squeeze worse during the peak demand period. No longer the case.

Gasoline future prices have been falling for 3 straight weeks.

Looks Like Your Shorts Are Doing Well Today And Gave Me An Opportunity To Add Today.

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