Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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Baytex Energy Corp > EIA Crude Oil & Gasoline Stock numbers just out

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Post by smallcaptdr on Dec 07, 2022 10:55am

EIA Crude Oil & Gasoline Stock numbers just out

Oil is starting to back up as less is being needed for Gasoline. This is proof that demand is softening so we might as well settle in for $70+ Oil there's nothing bullish putting stocks under pressure to correct now that OPEC is done till 2023 and Russia just keeps flooding the market with cheaper Oil $20 cheaper so who wants to pay more and let's face it China is a right off till 2023 and next week the FED will be raising interest rates which have never been positive for Oil and Venezuela will be adding production in weeks so with Russia producing more these 2 countries have no shortage of Oil to sell. I said that we would hit $72 and overseas hit it today but with everything happening Oil could be at $70 next week if everything stays status quo. These are just my thoughts and NEVER make decisions based on my posts

EIA Gasoline Stock
United States Gasoline Stocks Change