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 > Oil down $1 on bearish U.S. data, crude stocks build

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Post by smallcaptdr on Jan 18, 2023 11:36pm

Oil down $1 on bearish U.S. data, crude stocks build

Welcome back down to earth, everyone gets lost in the hype ignoring that a contracting economy with higher interest rates will decline faster than China's recovery which could keep us in $70+ Oil. So far what do we have from China except that transportation has increased with the reopening but that's a small piece of the pie for Oil demand at the moment, China needs to turn its manufacturing around but with the rest of the world dealing with high Inflation and high-interest rates stalling any recovery strength coming from the outside? It's going to be a choppy ride going forward and if Oil is to rally then it's going to need China to start backing this hype up with facts.

Oil down $1 on bearish U.S. data, crude stocks build By Reuters (investing.com)

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Comment by GambinoB on Jan 19, 2023 10:45am

90$ now? Lmfao No 90 no 60 no 90 no 60 Give me 5 minutes i could change tunes again Lmfao 6.50 no 5.50 no 6.50 Blue sky grey sky flip a coin bet i get it 50/50 Better than this board

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Baytex Energy Corp