Baytex Energy Corp T.BTE

Josh now online

[red2000]

Josh now online here : https://www.bnnbloomberg.ca/the-close

OPEC+ does not have as much spare capacity as they say they do ... WOW !

[BayStreetWolfTO]

Connect the dots with Josh. Everyone looking today for OPEC + to open the taps. Consider the view that they can't. They have two options. 1. hold production in line with what they "think" they can do....what we saw today...or 2. Tell the market they can't increase production and set off a worldwide panic for energy. I don't believe they would ever go with option #2. Now

[JohnnyDoe]

this is not surprising at all. There was a fair bit written in the early days of the pandemic on the challenges associated with bringing shut in production back online with the basic conclusion that some shut in production may never come back online. Idk, it was 18 months ago I was reading those types of articles and I'm certainly not an engineer so I can't repeat the technical aspects of

[red2000]

Agreed with you, JohnnyDoe ! Josh young also confirm that Clearwater fields are : THE MOST ECONOMIC OIL FIELDS IN THE WORLD !!! Do you imagine !!!!??? And way undervalued by the market ! For sure, Ed and is team, are very conservative with results and haven't publish a lot of information so far ! Of course, they have to wait to have an independant evaluation by and private firm ! Hoping

[Wildfury]

Clearwater is the most economic play? They are producing approximately 2300 bpd with more wells coming. My question is how many bpd does Baytex think that they can produce in the future from the Clearwater lands.

[perstrudent]

Its not so much how many bpd BTE can produce...this is a play with such high recycle ratios they could ramp up to 30,000 to 40,000bpd with 3 to 4 rigs in 1 to 1.5 years.... They need to stepout and determine how much land they have prospective for this play...Right now they have 20 sections...but they could have much much more...the key is to figure out how many sections they have...and take

[masfortuna]

Can't disagree with your logic on a macro level.  On a micro level I am looking at the markets in general and I don't see any sector with the potential I am seeing in Energy.  Tech is struggling and financials are basically where they were 5 years ago. So unless you are ok with holding a bank stock and making 4% divy yearly, nothing else really looks appealing. That will factor

[riski]

I can help here.  What you are saying is true of tight oil (shale) wells.  They are harder to bring back after shut-in, and often don't produce at the levels they were shut in at. It's not the case for the big pools of oil that OPEC countries sit on that have been drilled in the traditional fashion.  Those are easy to turn off and on without any change in production after