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Bullboard - Stock Discussion Forum 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... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Two possible factors
View:
Post by Konaboy on Dec 02, 2021 9:54am

Two possible factors

Timing - everyone is planning for next year right now ... maintaining oversupply will stymie growth and investment plans at these lower prices

Omicron - they are writing it off, betting on all clear in January and basically no dip in consumption.

Dunno.  Short term ;(
Comment by Konaboy on Dec 02, 2021 10:04am
Hmmm ... but on the plus side, maybe no SPR release.  Maybe folks have been a bit too quick to write this off as a non-event.
Comment by BayStreetWolfTO on Dec 02, 2021 10:06am
SPR was a none event OPEC figured (only sour anyhow) Omi "con" they are calling a con.... So really OPEC looks less knee jerk than Biden
Comment by BayStreetWolfTO on Dec 02, 2021 10:10am
I guess you could argue a lower price (gas too) should accellerate usage and depletion...
Comment by BayStreetWolfTO on Dec 02, 2021 10:07am
It certainly does setup 2022 and 2023 inventories really not going anywhere and US production basically flat with all the drilling
Baytex Energy Corp
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