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

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TSX:BTE - Post Discussion

Baytex Energy Corp > API another big draw -7.647M

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Post by BayStreetWolfTO on Aug 30, 2022 4:33pm

API another big draw -7.647M

Oil +0.593M (don't forget refinery fire)
SPR -3.100M
Total Oil -2.507M

Gas -3.414M
Dist -1.726M

Total draw -7.647M

Wait for the distortion crowd lol

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Comment by BayStreetWolfTO on Aug 30, 2022 4:35pm

Gas demand destruction lol right. Recession lol right All just noise

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Comment by BayStreetWolfTO on Aug 30, 2022 4:41pm

More importantly product gas draw and also dist...Will be interesting to see exports. Don't forget API does not include SPR but this is a draw of total oil stocks. Wraps the summer with maybe 1 build including SPR. The rest were draws. That said the SPR is a limited tool now and production is not increasing in the US and rigs are flat. Will be an interesting Q4

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Baytex Energy Corp