Baytex Energy Corp T.BTE

Nutall -still surprised

[marcrobert]

I added to my position a couple of weeks ago after seeing him on bnn, stunned he had to hand hold clients while can companies are making boat loads of fcf. He must be even more stunned today, as nva is sub 9 i think. the problem is the news flow, china, recession. the post covid reopening hangover continues. fyi for the last 20 years, folks like ollenberger always had target prices on oil stocks 50-100% higher than prices, but the market doesn't care. maybe looking back 10 years in 2032, we'll see they got it rigth this time, but we had had our share of lessons since 2014 haven't we? things can turn on a dime, and nutall will be shaking his head again and buying hand over fist. If Ukraine war ends, we'll see these stocks a lot lower my guess, at least temporarily. Macro wise, China is a tailwind hopefully if they can get it together that lockdowns and their vaccines are useless, Ukraine war end is a mix of tail wind and headwind, tail for Europe to get out of recession faster, head because you would expect oil price to come off a bit, although not like russia is going to be selling oil to europe any time soon.

[BayStreetWolfTO]

Yes pretty sad he has to hand hold. That said there are many uneducated investors that don't realize the cash flow at $95+. They are blindly following CITI. I would assume some tech players trying to recoup their loses. YTD Baytex still up 35% after all these attack is quite something. When the uneducated realize supply/demand hasn't resolved this is the panic drive up people are talking