Baytex Energy Corp T.BTE

Shout To Baywolf: What About Libya?

[Leewardcape]

There goes maybe 1.2 million bbls/day of high grade 40-degee API oil...if they implode...cancels out any and all Iranian increases.. me thinks?

[masfortuna]

There are NO Iranian increases.  Iranian oil is already on the market and being bought primarily by China. What the agreement would result in Iranian being able to sell its oil to western markets at a higher price point.

[jleer42]

I thought Iran was shipping around 1Mbbl/day to China, but could ramp production back up to 2Mbbl/day relatively easily. They would have trouble going back to the +3Mbbl/day they were producing before.  Just from my memory of what I read from various places so I'm not 100% and I have no desire to go find the original sources.

[ManitobaCanuck]

And where does Israels security come in all of this? .

[masfortuna]

The 1 million barrels is what we know.  The rest is clandestine so we don't have an excat figure.  My guess is that they are already above that level by a significant margin.

[Cobalt]

Yo masfortuna picked up some Frac sand 4% today chart looks great guess whos name was all over that board in 2017 :) , 600% run to get to the old highs , first post over there will no doubt wipe out the old posts seems to work that way after 4/5 years of no posts cheers

[masfortuna]

LOL Cobalt.  Yes I bought frac sand (based on Nuttal's assessment) but I sold at a slight loss (about 10%).  So yes it can be a good investment IF you believe that the Frackers are going to increase dramatically their operations.  Keep in mind that when I bought, there was a shortage of the stuff but I am not sure if that is the case today. 

[Cobalt]

"DENVER, Feb 15 (Reuters) - With crude prices at their highest levels in years, U.S. oil drillers are trying to boost output fast, but their efforts have been hit by a shortage of sand to use for fracking operations." "Price increases will range from 6% to 14%, depending on the product and grade, and go into effect for shipments beginning February 1, 2022." "Price

[BayStreetWolfTO]

Good evening Lee, from what I have read the potential Marsa el-Hariga disruption may impact 200,000 bpd. That said I don't put too much of a factor on this personally as I would expect limited impact or quick resolution. Where did you see Libya was 1.2m bpd as maybe I have the wrong numbers? Regarding Iran, I have read countless articles and discussions on Iran exports which have ramped

[JohnnyDoe]

I like to think Wolf that the eco woke have had their day. The EU declaring in December that nuclear and natural gas are green initiatives is imo the beginning of the end for eco woke. Energy security is real and the EU gas shortages this winter likely have the Euros thinking long and hard. The eco wokes will lose their board seats and the euro majors will pivot. In the US, smoking Joe is in the