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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

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Post by HighOctane89 on Dec 06, 2022 4:42pm

API

The API reports another draw of 6.5M barrels , double the forecast . Still trying to figure how they spin this as a negative , hmmm .......
Comment by LittleOgre1 on Dec 06, 2022 6:33pm
spin the negative easy.  gas inventories rose 5.9 M barrels distillate rose 3.6.  nevermind overall storage lvls are at  5 year low.
Comment by HighOctane89 on Dec 06, 2022 7:54pm
Last weeks gasoline build was due to imports as no doubt , this one is too . Figures don't lie but liars can figure ......... The market is fixated on the idea of excess supply , not much anyone can do until their focus changes .
Comment by Re1ndeer2 on Dec 07, 2022 7:51am
Now this is what Head Lined my Oil.com....A U.S. judge has dismissed a case against the Saudi Crown Prince Mohammed bin Salman on the grounds that he has been granted immunity from prosecution by the Biden administration.
Comment by Franman184 on Dec 07, 2022 7:59am
Scratch my back and I will scratch yours. Question is at what price per barrell. We will know when OPEC annouces a production cut even though most of us know supply is not keeping up with demand. Its possible we see a hugh snap back to $90 plus in Q1 2023
Comment by HighOctane89 on Dec 07, 2022 9:28am
I was watching CNBC last night about the time that India started trading , as they waited for the open the commentator played video from that banker conference in NY . The CEO's were asked a series of questions but the video package only showed the worst predictions which was played over and over . At this particular time (India open) , a range of answers to CNBC questions were shown in a ...more