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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 > North America Rig Count change = -29
View:
Post by BayStreetWolfTO on Mar 25, 2022 1:11pm

North America Rig Count change = -29

Excuse me EIA....where is this big US production increase going to come from???


US rig count only +7
Canada rig count -36

North America dropped -29

With oil $113.56 RTQ????

Bullish


https://rigcount.bakerhughes.com/
Comment by TheCrow on Mar 25, 2022 2:39pm
You are wrong Wolf. Not bullish at all.  Its easy...shale is just gonna "turn on the taps" and flood the market. And they will continue to release from SPR cause that works so darn well at curbing prices. Also, everyone is gonna be in an EV next week that will destroy demand forsure.  Plus nobody is flying anymore...not like jet fuel draws are beginning in earnest or ...more  
Comment by Wildfury on Mar 25, 2022 3:06pm
The Crown has spoken, I'm not sure about your logic. First of all, try and buy a EV next week, they don't exsist? You can't even buy an Ice vehicle at most dealers, they have no stock and huge wait times. Ice vehicles are cheaper by a long shot, especially new. Yes gas prices are getting people thinking of buying that EV but can they really get one or afford one? I'm not buying an ...more  
Comment by Nothingmatters on Mar 25, 2022 3:09pm
This is guy is simple. It was a joke you idiot...
Comment by Nothingmatters on Mar 25, 2022 3:09pm
This guy is simple. It was a joke you idiot...
Comment by TheCrow on Mar 25, 2022 3:56pm
Sorry Wild...I was being completely Sarcastic for exactly all the reasons you listed. Just trying to get a smile out of people on a Friday... I know tone isn't always convened in writing.... Cheers and have a good weekend!
Comment by BayStreetWolfTO on Mar 26, 2022 10:19am
Thanks Crow! Always good to hear from you. This made my morning. I nearly fell out of my chair laughing and spilt my coffee.
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