Baytex Energy Corp T.BTE

Octane its not about market sentiment

[GambinoB]

Some people might understand but the majority of trading today is just algos running scripts. Banks, hedge funds, some pros, rarely retail run these mostly unattended now.

So a bit of history since no one answered my question (show the lack of knowledge of the so called traders here)

About 10+ years ago there was a collapse where the paper market for mortgages could not be supported by the physical market. Fannie Mae and Freddie Mac were at the centre of a collapse. Banks, government drove bailouts and of course the tax payer paid the price. This was an instance where the algos bid up the value based on programming logic

Fast forward to today. Algos and programs are driving a blind trade between financial and physical. Thia time in the opposite direction. Banks, funds, hedges blindly shorting the financial paper market based on "code"....i could talk for years about the pros and cons of that "code" anyhow just like that period here you have the reverse

There will be a massive bailout and government will come to the rescue again of banks, hedges,/funds....tax payers will pay the price again

The difference is we will see that fannie and freddie in reverse..instead of algos bidding up value....now algos are shorting down value....all system driven (so no "person" at the top pushing buttons)

In 2023 we will see a reverse explosion.

My logic cant be denied....any logical TA person knows algos are driven by code. Good TA's also know that can lead to an asset/paper disconnect. They also know (the smart ones) that the end results can be explosive.

Just like mortgage paper plummented in value the reverse can be true

Oil paper can skyrocket

Sadly in the end tax payers will pay....and long-term investors in oil and gas will make bank

Call it the reverse big short

Happy times coming

Warren Buffet knows this feel free to ask.

[riski]

The volume on the WTI contract is way above normal since this downward volatility started in the past two weeks indicating a sudden influx of selling pressure. If I had to guess, Biden and the dems have decided that they need to refill the SPR sooner rather than later due to either a) fear of republican subterfuge after they take over the house in January to make them look bad for draining it or b

[riski]

Bottom line: Biden needs to fill the SPR asap for some reason, but painted himself into a corner when he said he wouldn't buy oil for the SPR until $70. Otherwise they would have already been buying it. Biden said he wants $70 oil to refill the SPR, and dammit he's going to get what he wants no matter what it takes. 

[HighOctane89]

Actually I'm hearing just the opposite riski , WTI contracts are only trading at 1/3rd normal volumes . On low volume , down is the easiest direction especially with a compliant media . China is closed , sell oil ....... China is reopening , sell oil ...... big inventory draw , ignore it and sell oil . Lots of suggestive words like "if" or "could" and "recession"&

[riski]

I think that was a reference from Nuttall? I think he mightve been referring to stocks, not WTI. The volume on WTI is very high. Where are you looking? I am looking at the Nymex. Currently more than half of regular volume already traded. Its usually a lot less than that at open. All days this week and last week, huge volume for WTI. At this time of year, the volumes are usually under the average

[dandu1924]

and this unusual December trading means what?    to you or any idea.

[cantlose22]

This post has been removed in accordance with Community Policy

[Greenday]

@ GambinoB - Basically every mid-cap and large-cap stock with decent volume is going to have algo's trading it.  And there are a variety of reasons why they are run.  One algo sponsor may be running an iceberg algo to enter or exit a position without unduly affecting the market price, while another sponsor may simply be scalping the market.  As you're probably aware, the

[Moemoney42]

You beat me to the reply Greenday... there's no correlation what so ever to the last financial crisis and today's oil trading.. as per your explanation..