Baytex Energy Corp T.BTE

Numbers don't lie!

[smallcaptdr]

The DOW is down 7727 pts and the TSX is down 3772 pts these are huge numbers and Oil is down $40 and there are still going to be losses added to these numbers as we get deep into a global recession and a recession is guaranteed. This week flew by and Oil shot up from $76 to $82 but stalled out today and tomorrow is anyone's guess where the markets and Oil are going. Next week there's the usual US Data coming out as we head into October supposedly a cursed month for stocks and tomorrow is the end for Q3 with Sept Oil averaging $82 and this will hurt BTE Q3 so July & Aug averaged $93 Oil and Sept $82 these numbers are just me eyeballing the Oil chart so Q3 will defiantly be worse than Q2 and we need to consider what SP will reflect this quarter plus we'll be starting Oct with lower Oil prices so unless Oil heads up to $90+ Q4 will be even worse. If there's a math wizard on this BB figure out what kind of revenues we can expect. I'm thinking that it's very possible that the FED speeches could really hang a cloud over tomorrow's markets but it's just as possible that traders could have a relief rally on the stock markets and Oil has a very good chance of heading lower because it lacked any bullishness today. Expect volume to be light like all Fridays unless the markets get spooked and have a heavy sell-off before the weekend. We could be back to $70+ Oil tomorrow on the downside or $85 on the upside.


Commodity Forecast 2022/2023 (tradingeconomics.com)

Stock Market Forecast 2022/2023 (tradingeconomics.com)

[HighOctane89]

This guy should be in the wafflers profession , politics !!!!  Lets look at what he actually said ........ Last month was hot so tomorrow should be hot too , unless of course its cooler with an outside chance of it being cold . I further predict that tomorrow will be sunny , again , unless its cloudy but rest assured that the sun will rise at 6am-ish and will set at about 7pm-ish so there

[northmark]

"tomorrow is anyone's guess", that's the only substance in your post.