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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

TSX:BTE - Post Discussion

Baytex Energy Corp > Don't worry about China
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Post by HighOctane89 on Dec 29, 2022 10:02am

Don't worry about China

All this China fear is really laughable , it was so bad that China was shutdown but when Xi suddenly reopened China the media went negative within 24 hrs . When this news first hit the media was cheering but by the next morning the media was pumping the fear button again .

The real humor is this fear that the Chinese vaccine isn't as good as the western vaccines ............ well , if we are all vaccinated what is everyone worried about . If our vaccines are so superior why should we be worried ? If officials are that concerned enforce testing requirements from all Chinese visitors .

Reality is , government and media are afraid their house of cards will fall as oil demand ramps up just as Biden has blown his bolt on SPR releases . All short-stacks "warnings" are as hollow and empty as Cushings tank farm .
Comment by TheWokeLemming on Dec 29, 2022 10:38am
China's Covid numbers have always been a lie.  This looks orchestrated to scare western democracies back into more government control.  
Comment by dandu1924 on Dec 29, 2022 10:42am
And dont forget what Biden said  " I will use all  the tools as possible to push down the oil ", and this is an another tool again after the SPR and lies numbers, fake numbers, fake news  with the medias   and more ect.....
Comment by HighOctane89 on Dec 29, 2022 10:50am
I know , its all a bunch of bull what is happening but as I said , the numbers of physical barrels don't lie . Putting an already tight supply on sale will only backfire in the long run so as frustrating as the WTI price manipulation is , it will only encourage more consumption . EIA numbers are due at the top of the hour , let's see what they say this time 
Comment by Moemoney42 on Dec 29, 2022 10:47am
Kind of ironic isn't it that many western democracies and global investors are hoping the largest communist country/population gets rolling again.. and when it does the global power brokers want to limit that growth.. weird wonderful world eh..!
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