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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 > And on that freaky note
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Post by masfortuna on Aug 03, 2022 12:38pm

And on that freaky note

In the last 16 EIA reports, the actual pros got it wrong 13 times out of 16. This week they called a 600k draw and we got a 2.2 build. Just guessing would give you a 50/50 chance so not sure why pay for "pros" who are wrong 75% of the time lmao!
Comment by BayStreetWolfTO on Aug 03, 2022 12:41pm
Or you could think maybe the conspiracy theory guys are right and the data is "adjusted". Jury still out on gas demand but we know weekly production is over stated. Physical always wins when you have to reconcile with the financial market. You can't print oil. At least not yet.
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