Baytex Energy Corp T.BTE

So much for tight Oil markets

[smallcaptdr]

First of all, they need to quit saying that the market is tight because it's not if they want to cut production so are they sucking or blowing and there's been a few news articles in the past saying that certain countries have the room to increase production and here's the latest news from the Gulf and other news articles. I'll be surprised if Oil hits $85 tomorrow if it continues to rally higher. IMHO I don't think that Oil needs to rally until Russia cuts over 1Mil bpd out of the system but for now, Oil in the $70+ is high for the times that we're heading for and once the recession digs its heels in the lower $70 Oil will be overpriced. On the bright side, there was money being made today.


U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap | OilPrice.com

China Claims First Offshore Shale Oil And Gas Discovery | OilPrice.com

Iran Is Ready To Release Millions Of Barrels Of Oil Into The Market | OilPrice.com

Biden To U.S. Oil Industry: Don't Use Hurricane As Excuse For Price Gouging | OilPrice.com

Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas | OilPrice.com

U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap | OilPrice.com

[HighOctane89]

I bet you're just a barrel of laughs at a party or family reunion , how long will you keep saying black is white ? Do you really believe this stuff ? Are you short ? What is your motivation ?

[realcdn]

  I think it's safe to say he's short. When oil is dropping, he acts like he's everyone's best friend. Then when oil is heading up, he starts spreading mass amounts of fear and bs as to why oil should be lower.  I just wish smalldiktdr would grow a sack and admit his true motivations! But I know he won't... he refuses to answer direct questions that don't fit

[Tradestay]

You forgot to past articles on US SPR at record lows, all US commerical inventory are below 5 year average. Why take oil out of your SPR globally if there is no shortage? Will we really have a recession that will severely dampen demand? How high are rates today, vs a 5 year average? How strong has all the government free money worldwide made household balance sheets? How is employment rates

[HighOctane89]

That's why they call it , "climbing the wall of worry"