Baytex Energy Corp T.BTE

Supply won’t rebound as fast as demand: Mike Rothman on oil

[lensgto]

https://www.bnnbloomberg.ca/commodities/video/supply-won-t-rebound-as-fast-as-demand-mike-rothman-on-oil-markets%7E2366296

[GrumpyMonk]

I think the Jet Fuel demand is the big one coming soon. Airlines are saying tourism will catch up very soon.

[red2000]

Very good interview ! WTI at 130$US  it's insane ! For my point of view, we just need a stable WTI around 80-85$ until the delivery of the YER scheduled Feb 24th. Hope Baytex management will introduce a 3 year plan instead of the actual 5 year plan... or at least update their forecast to inform properly the market and the huge potential they have. Here are some of my own forecast

[stockbumpkin]

You just jinxed it for me by referring to a Mike Rothman prediction.  In 2015, he was predicting $85. https://twitter.com/bnnbloomberg/status/666681942994255872 It only took 6 years for him to reach his prediction (I say that sarcastically).  If he is now predicting $130, it will likely be another 6 years.... I have been holding oil stocks through their ups and downs since 2012

[ditchdigger251]

There's been a huge hole in O&G exploration since 2015.  Between 2010 to 2019 there's been a steady 1.5mmbbl/d growth in demand (interrupted by Covid lockdowns for 2 yrs).  Omicron's been overblown and will actually greatly enhance herd immunity making Covid endemic.  There will be a springboard of pent up demand that will consume additional energy.  If OPEC+ is

[topdown99]

Thats it in a nut shell ditchdigger , the fact the media doesn't want to acknowledge this reality shows political appeasemennt trumps unbiased reporting . Supply cannot respond overnight but demand can expolde in a matter of days . Politicians are also realizing how pissed off people are and are beginning to backtrack . BC now says it will treat Covid like the common cold and Ford (Ont) is