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 > Oil will hit $80 and BTE $6.20 tomorrow.

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Post by Paray99 on Feb 15, 2023 4:52pm

Oil will hit $80 and BTE $6.20 tomorrow.

Today US was successful to bring a bearish outlook to the oil market with their stupidly erroneous crude build up data. When Biden is announcing 26M release from the SPR, what does it mean to have a 16.6M build up last week?

They are playing all the tricks. I think they add an imaginary 15M from the SPR to the actual data, without even being releasing it.

One day, Biden's men will show the entire SPR as their crude build up... wait and see guys....

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Comment by ziggy1410 on Feb 15, 2023 8:14pm

Morningstar article summed up the rudimentary accounting of the Barrels.....The EIA data includes an upward "adjustment" to crude stocks of 1.967 million barrels per day for the week ended Feb. 10, which added roughly 14 million barrels of supply for the week. The government agency said the adjustment, formerly known as "unaccounted-for crude oil," is a "balancing item ...more

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