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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 > Wood Mac shaves 1M /bpd off global demand
View:
Post by Tradinghands on Feb 29, 2024 3:58pm

Wood Mac shaves 1M /bpd off global demand

Heres Wood Mac dropping global oil demand another 1M bpd after EIA cut global oil demand to 1.2M bpd in 2024 half of 2023 growth due partly to China sharp slowdown. The first quarter of 2024 has been horrible for oil. If there was no Red Sea conflict oil would be at $65, not the best day for BTE can't wait for Canada pipeline to add 500,000 bpd to the market
Comment by BeWary2 on Feb 29, 2024 6:09pm
Respectfully, some sources say China is really hurting right now. Will this truly affect the overall market when China and others are buying directly from Russia now? Maybe $65 is optimistic? The management and board at Baytex just seem lacklustre. Contradictory developments such as debt handling from 2022 to present, handling of CRA, and hedging programs that skirt optimistic prospects.
Baytex Energy Corp
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