Baytex Energy Corp T.BTE

Does WTI have a bottom?

[TheWokeLemming]

Nuttall was on BNN this morning, still going with the supply side story.   While I lost a lot of respect for him for abandoning Cardinal (which did exactly as he wanted by returning value to shareholders ... now a 10% divvy!) at least he still has all his chips in on his belief that supply is the real issue and that demand recovers once all the baloney over China and the supposed recession evaporates.   In that way I'm still on the Nuttall bandwagon.  

Oil plays are now a long/mid term hold once again.  WTI is near bottom in my opinion.

[Chefboy69]

i don't own this stock, but never forget Eric Nuttal is an oil bull and was losing lots of money for 6 years, if not before 2021..He just happened to be right in 2021 and 2022....what happens in 2023 NO ONE KNOWS... good luck

[Chefboy69]

and i kinda of followed him into Gear energy and am holding a bag now..that pays me 10% divi...kinda of similar to Cardinal Energy 

[riski]

Not true. Many smart people know that the current supply demand imbalance is careening toward an energy crisis. A manipulated crash by world governments concerned about the fallout of putting in a price cap that causes oil to skyrocket is actually making the supply problem much worse.  Have faith my friends!  

[HighOctane89]

I'm still waiting for the panic sellers , do you think they can push it back to $5.30 again cuz that worked out really well for me last Sept .

[SidelineSam]

Seems like the the softening of the WTI is creating the conditions for a white xmas: - empty those (stale) durable goods of 2020-2022 inventories - sentiment view of affordability to travel domestically to meet the fokkerz - new round of bonds... synthetic funding - Qattar got a cool Bn of mil gear - SPR refills at the 79 mark... - the media munkees are touting 'good time ahead, Fred!'

[ratsnake220]

woke lemming....Eric has one thesis.....Paul Sankey a better source on pros and cons of the trade....he is a futures trader.....and is world renown....google him....