Energy Prospectus

Baytex Energy BMO Global Commodities Research Upgrading to Outperform; Compelling Value and Growing Shareholder Returns OP $5.83 $7.50 $5,027 Rating Price Target Mkt Cap. • Supported by strengthening crude prices, and our bullish outlook for 2024, we are upgrading Baytex to Outperform (from Market P...

Closing Prices: > Prompt-Month WTI (Nov 23) was down $-0.92 on the day, to settle at $90.79 > Prompt-Month Henry Hub (Nov 23) was down $-0.016 on the day, to settle at $2.929 Oil soars by $20/Bbl in the third quarter driven by tightening supplies. Oil demand exceeds supply by ~1.5 million barrels pe...

Comments below are from Adam Rozencwajg The Coming Surge: Oil’s Bullish Horizon Amid Investor Apathy 09/ 29/ 2023 The article below is an excerpt from our Q2 2023 commentary. We believe oil is on the verge of a sharp rally. As we write this (late in August), West Texas Intermediate and Brent trade ...

The American Oilman website is not being kept up-to-date. However, the 5-year weekly change in storage is still accurate through year-end. MY TAKE: The build for the week ending Sept 22 of 90 Bcf was 5 Bcf higher than the 5-year average, 15 Bcf higher than my WAG, but 13 Bcf lower than the same week...

Opening Prices: > WTI is up $1.28 to $92.99/bbl, and Brent is up $0.67 to $96.05/bbl. > Natural gas is down -6.5c to $2.88/MMBtu. At 1:45 ET > WTI down to $90.75 > HH ngas up to $2.94 Trading Economics: "WTI crude futures traded around $92 per barrel on Friday and were set to close both the mon...

Register on the EPG website.

Doug Bartole will be discussing their strong production growth in Q3 and giving us a preview of Q4 drilling program.

IPOOF is on of my Top Picks

Keep in mind that the shortage is global. It won't have an impact that large in the US

Baytex Energy (BTE) upgraded to outperform from market perform at BMO Capital
Target increased to C$7.50 from C$5.50
Analyst is Mike Murphy

Note from RBC Capital September 26, 2023 RBC Uranium Watch Uranium spot prices push past $70/lb on stronger demand Our view: Uranium prices jumped higher this past week on strong demand while supply-side concerns persist. Our industry checks indicate increasing participation from non-US buyers recen...

Note below from RBC Capital Natural Gas Navigator Published September 27 2023 00:15:00 EDT Shoulder Turn – September 2023 Issue We still think that from their recent rangebound state, natural gas prices can manage a slow grind higher going into next year and achieve higher levels in 2024. However, w...