Baytex Energy Corp T.BTE

Oil up but a selloff tomorrow?

[Unlucky13]

I think the SPR release of 60 million barrels will
continue to hold this back tomorrow even if the oil report is good.  Also the hedges are terrible, we are getting $68 on 42 percent of production.  This war is not good for markets, dispute the oil price surging the stock seems stuck and we could get a flash sector crash.  People are liquidating funds after such a wild ride up.  If oil somehow plunged during this crisis probably the stock will too but investors are clearly spooked about getting in at these prices.  I so want out too but only at $6.36 plus.  Not sure we get there during this crisis.  A $10 spike today in oil didn't do much for the stock so all bets are off now.  To the person who said BTE has torque, apparently not so much anymore.

Can we all agree that the war aside we are all disappointed by the stock price?

[goldboyz2]

Once oil shows its stability above $100/barrel then i think youll see the torque imo.  Before the russian invasion happend oil prices were expected to hit 120/barrel by june-july Now with the war anything is possible imo GB

[BayStreetWolfTO]

You got it goldboyz2, just time. People want Q1 and Q2 results and the current price to reflect that progress now. The last 12 months we have seen quarter after quarter reflect. For now you have a choice watch, exit or build a position for the next quarter progress. Everyone has the choice. Based on financial release date I look at the progress over time. Q2 2022 avg WTI $95.93 so far