RE:RE:Good read..bullish aheadHi Unlucky
Do not believe this is leaked news. Its noise. When you have the broad sector down (SPTS60 Energy) and TSX60 as a whole you'll see rebalancing.
Pullbacks are a normal part as retail investors take profits. Tomorrow's investor conference should add some fuel - the whole purpose of an investor conference is to reinstate confidence in your investors. Baytex financially is in a solid position - even if oil moves below $50.
Just my 2 cents - shorting at this level for sustained periods is VERY dangerous. Be patient if your long. Especially when the broad market is reallying and is poised to move higher. Oil still hasn't priced in political risks, the full output cut impact, and the possibility of a trump tariff.
Also highrider - go use a bloomberg terminal and look up refinery outages. Oh wait you dont have access to one. Do your own research or pay for paid research.