Baytex Energy Corp T.BTE

IMO

[marketsense]

Well it is a fact that American producers either can't or won't increase supply and 
neither will Opec.  That means other than Biden continually draining the SPR,  there
is a world supply deficit.  The industrialized world as we know it runs on both oil
and energy.  There is no escaping that reality.  As for China,  their regime is totally
unreliable and changes their narrative to suit their agenda.  They are on again off 
again like a chamelion who changes its colours to reflect its mood.

Bidens use of the SPR is like the Fed trying to manipulate the economy with interest
rates.  It's effective for only so long and then as the negative consequences of their
actions take hold,  the net result will be as bad if not worse than before.  In summary
oil deficits are not going away and Biden with his actions are guaranteeing it.  After
all there is a finite limit to the SPR and once its exhausted,  then what?

[Snowballer]

Many here don't like to think about it... but it is possible a MASSIVE RECESSION keeps oil prices moderate given (and despite) the tightness you mention. USA mortgate rates are at 7%!!! And this is just the start.  Think about that.

[BayStreetWolfTO]

Re: "After all there is a finite limit to the SPR and once its exhausted,  then what?" Than things get really interesting. The sad part is the rich countries will continue to buy energy at higher prices while the poor countires suffer...but I believe that is the basis of the green deal..distribution of wealth from the poor to the rich. Cdn O&G investors will just sit back and

[Snowballer]

LOLL yeah you'll skip a few oil cycles before you sell. We all know. "Cdn O&G investors will just sit back and watch it play out...or at least I will....long-term of course." Meanwhile BTE: $0.36 to $9, $5 to $8... Wonder what's next lol

[BayStreetWolfTO]

The good things is while this goes on long-term....dividend and buybacks will continue...lining our pocket...no need to worry about rushing in and out for the divy date... At these prices will be lots of money...long-term will be nice cash flow...getting pretty nice with O&G divy so far...when BTE adds to my list the pot gets nicer. Just sitting back investing the fruits from the other trees

[Snowballer]

Agreed.  All my BTE positions I trade are funded from previous BTE profits. It's the tree that just keeps on giving! And I never have to sacrifice fruit from another tree.  "Just sitting back investing the fruits from the other trees. Life is good."

[Moemoney42]

Agreed.. and IMO what's going to really come home to roost aside from the sanctions on  Russia which in reality are not really that effective as already shown that Russia will just market to those countries willing to take that crude at a discounted rate.. the real clincher will be the continued production drops that are already starting to take place in Russia due to lack of the

[Moemoney42]

Correction..