RE:RE:And... Usually we know what to expect with baytex earnings woth considerable precision and accuracy over the past decade, but I have to admit, this one has a little more variability in expectation, due to the incorporation of the merged assets and related unknowns. I have an idea of what to expect, but there is a wider band on either side of that prediction than typical quarterly earnings.
It's the kind of situation traders love so we should expect some of them to dominate discussion over the next couple days.
I am looking forward to this report.
JohnnyDoe wrote: masfortuna wrote: In the same article these analysts are predicting a further 21.5% decline except that oil is trading higher in q4 by 20%. Maybe my math is off BUT if the reason that these companies declined because of the oil price trading 20% lower in q3, then if oil is trading 20% higher in q4 should we not be trading higher and not decline a further 21%? am I missing something or is this just part of the Bidenomics math we are experiencing?
Here's the article I referred to. It's claiming that Y/Y the numbers are down and it's causing a sell off. I know Q3 oil was higher than Q2 and that Q4 will be better again. But you typically see Y/Y and Q/Q comparisons. It might not make a lot of sense, but that's what gets reported. So I'm thinking in BTE's case, maybe we get a pop. I know the numbers are relative, but we might get a pop just the same
https://oilprice.com/Energy/Crude-Oil/Why-Big-Oil-Stocks-Are-Selling-Off-Right-Now.html