Baytex Energy Corp T.BTE

Interesting

[Moemoney42]

how the crude price stays strong when the NA markets are closed and now can't hold gains this AM with the US markets open.. yup.. can't tell me the instructions on Wall St. aren't keep that price in a range until the mid terms are over.. lets ignore the supply issues and pipeline closures in Europe.. ;-/

[Readytojump]

Totally agree..... its frustrating to say the least !!!!!

[Readytojump]

Totally agree..... its frustrating to say the least !!!!!

[Cobalt]

Just China news coming in extra bad today.

[masfortuna]

I don't think that is the reason. I will add that as I post this, oil is still green and coupled with the 2%+ gain from yesterday, we should see a higher sp price than Friday's close and yet ALL my oil stocks are red. Regardless of what China's situation is, they still will need oil and it's trading in the mid/high $80s. Yet we don't see that reflected in the sp of oil

[Cobalt]

No there is not a shortage the way economies are slowing short term pending weather 

[Moemoney42]

Meanwhile Nat Gas rationing has already begun in Europe.. can't tell me there's no shortage in Europe which will exasperate globally IMHO

[Cobalt]

Good million barrels in EU swapping out gas for oil , China 

[masfortuna]

Last time I checked Cobalt, "every" analyst is talking about an energy crisis even those bearish on oil. Also oil is trading pretty high and even if economies slow down, they will start require oil to run their slower economies. Bottom line is I truly think that there is widespread manipulation to keep price as low as possible. So in December we will be able to go fill up our cars at the

[Cobalt]

With ya , months ago i said Biden will pull a rabbit out of his hat, again short term

[Re1ndeer2]

Which Rabbit?

[masfortuna]

Yes you noticed that as well. Intersting that after hours oil is usually green and then plunges to red when the US markets open. Nothing trying to be negative but it's a usual occurence which negates any gains anybody can possibly make.

[HighOctane89]

The rhetoric is that Putin has weaponized energy , well Ottawa/Toronto have weaponized propaganda and unleashed an algo army for years . The more the WTI paper market is distorted with this "save Biden" shorting , the bigger the crisis it will generate . Sooner or later people will open their eyes , maybe when the lights go out and they can see their breathe .