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 > Gasoline inventories drop

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Post by Tradinghandson Feb 27, 2024 7:11pm

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Post# 35902725

Gasoline inventories drop

Gasoline is not the only thing crude is used for so a drop in gasoline inventory is a small part of crude demand.

Diesel fuel, heating oil, jet fuel, petrochemical feedstock, waxes, lubricating oil, asphalt, plastic, polyurethane, solvent, tires and 100 other products

And the US oil production is high, cant wait till Canada pipeline dumps 500,000 bpd into the mix.

I'm all for BTE making gains but the oil market sure seems to be manipulated and built up with stories of what could be not what is.

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