RE:fear of inflation and recessionI agreed ! Same view here !
My 2 cents !
CDN energy producers will stop their increasing production (which is under 3% so far) if the barrel go under 100$ !
THey will reduce CAPEX, protect FCF, to paid more Debt and continue buyback shares
Except Baytex with Clearwater, I don't see another producer with this huge pay back under 6 weeks !!!
So if recession appears as the fear seen it, demand will go down, but the price will go down too a bit more, but still no added supply.
USA will probably build up his reserve again, because they can't go that low !!!
Hurricane season knocking at the door, for another volatility probability on the UP side price !
At the end Price will go UP again !
How should we handle this period of ignorance and panic !?!?
Hoping to see fundamental datas replace the understanding of the value of Baytex compare to it's peers and for the energy sector !
Still holding until Q2 results !!!
GL Longs !