Baytex Energy Corp T.BTE

The Way Forward?

[Leewardcape]

Ok.... please understand I'm Plato's Intellect...so I'm blind and feeling my way, and all I understand is that I'm in a cave and I'm right up against a wall...so I'm moving along, using the wall.. Is it true that oil prices will be 100-+ per bbl FOR THE NEXT 2+ years? BTE. CPG, MEG, CVE, WCP. ..off the map!

[topdown99]

Look Lee , nobody can honestly say "I can see the future" but try to follow my trail of breadcrumbs (they are the edible bits on the cave floor) , I will leave them close to the cave wall . Look at US/Can government policy regarding O&G .......... they step up to the mic and whine that oil company's should produce more barrels but won't give those same company's a permit

[1condor]

Just look at the damage that has been done to the general markets in April....most of it the result of recession talk. Oil and gas is holding its own for now...but it too will fall hard if a recession risk increases. Until then the sector is just raking in the cash with these high prices.

[topdown99]

Well Condor , if you are that worried then I would recommend you sell  . Monday may very well try to low ball the bid and there is no shortage of trolls to make you second guess your position but ask yourself , what is their real motivation ? There are many O&G Q1 reports coming out next week , if or when sentiment changes overnight do you want to miss upside like we saw in SU

[Snowballer]

Pretty sure we've already entered the recession... just hasn't been formally acknowledged. 2nd quarter will be another "slowing growth and profits" story for the broader market.   Need I mention the rate hikes coming? People talking 2023... too easy. I call it by August.  Just in time for the next "pandemic" panic propaganda.   

[Stockhudson]

the politicians dont want to use the word RECESSION