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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

TSX:BTE - Post Discussion

Baytex Energy Corp > Gasoline inventories drop
View:
Post by Tradinghands on Feb 27, 2024 7:11pm

Gasoline inventories drop

Gasoline is not the only thing crude is used for so a drop in gasoline inventory is a small part of crude demand.

Diesel fuel, heating oil, jet fuel, petrochemical feedstock, waxes, lubricating oil, asphalt, plastic, polyurethane, solvent, tires and 100 other products

And the US oil production is high, cant wait till Canada pipeline dumps 500,000 bpd into the mix. 

I'm all for BTE making gains but the oil market sure seems to be manipulated and built up with stories of what could be not what is.
Comment by 1234bmth on Feb 28, 2024 6:51am
For this week the data in crude and gasoline build or drop is irrelevant, the market driver for this week will be today's US GDP and tomorrow's PCE and pI data.
Baytex Energy Corp
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