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

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TSX:BTE - Post Discussion

Baytex Energy Corp > The glass is definitely half full

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Post by topdown99 on May 20, 2021 4:28pm

The glass is definitely half full

The recent "noise" in the oil market is just that , noise . This Iran paranoia amounts to possibly 1 million extra barrels (maybe) but keep in mind , Russia is unlikely to rubber stamp any US/Iran agreement . Russia and the Saudi's want higher prices , filling Irans pockets is in nobody's interest .

The US economy is finally reopening , restrictions are being relaxed and demand is in place . Each day brings us closer to herd immunity and soon the world will be looking for an additional 7 to 8 million barrels per day which cannot appear with the snap of your fingers . We are perched on the edge of driving season and travel demand is ready to explode , $70/bbl seems more likely than $60/bbl . Time is on my side and so are the supply/demand dynamics .

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Comment by Sugaree on May 20, 2021 9:36pm

Absolutely correct, well said!

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Comment by Unlucky13 on May 20, 2021 9:55pm

The chart doesn't look good and the stock has stalled. It's tough times. Covid is still here and it won't be in till next year for things to stabilize. There is no way BTE gets to $2 this year. $70 oil might take it there but oil needs to be $75 plus for it to cross $2 and stay there. If it hits $2 but it only lasts for a day that's the same thing as ...more

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Comment by topdown99 on May 20, 2021 10:55pm

Thanks sugaree , the June contract for WTI expired today and now July is the front month . Trading always gets exaggerated when contracts roll over although some people would try to convince you that the world has ended . Seems the village idiot is talking to himself again and proving to everyone he is as stupid as he appears . He tries to predict doom , he watches when it happens and then ...more

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Comment by Antonyius on May 21, 2021 12:33am

The guy has shot himself in the foot multiple times already, that's why he's been crying, just throw him on ignore

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Comment by JTDOUBLE on May 21, 2021 12:45am

No doubts 70 bucks oil by summer .. The demand will outweigh the supply .. Many wells were close needed to be maintained and it takes times .. Iran is just a spin , more likely they been selling their oil for a while and been absorbed by the demand already ..

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