Baytex Energy Corp T.BTE

New order or something!

[jmaan]

Seems like right after coviet19 trading fundamentals are throwen out the window or there's a huge hate on for oil! Any organization putting out oil data seems to be lying through there teeth! Example you get a huge drop in inventories and price still slips! You get opec cuts price still  slipping! Tensions in Russia now by possible Ukrainian special forces price still slips Iran taking oil tankers, tensions surrounding tiwan,  all top anylst saying oil get tight in future,  no new oil investments etc...price slips still...there is a hate on for fossil fuel period! Banks turning there backs on oil companies lead by Europeans just  doesn't  end! Let's hope china pulls up there socks and eventually there economy picks up steam! Good luck longs hang in there!

[MoreCarbon]

Totally agree with your assessment,  seems like they have the ability to sell paper oil to keep it down. Basically lie like when the the government kept saying there is zero inflation, it's all in our heads, but any body with a brain could see the price increases, trillions of dollars printed should have inflation. Below is decent realistic view on how blind people are: https

[JohnnyDoe]

Seems to me that for about a year now we've been fed nothing but recession recession recession in the news.  Unemployment is running about 5 %. All you hear in Ottawa is about the empty downtown because public servants haven't returned fully to work. Yesterday I drove in to down town Ottawa coming from the west side. I counted 12 cranes between down town and the Hull side waterfront

[van60]

...yeah, but aren't those cranes being used to continually fix the LRT? 

[masfortuna]

Umm...So you get at -12 million draw followed by a 5 million build in back to back weeks for a difference of 17 million barrels. So either the world wenrt gangbusters using oil last week OR they Greta Green this week. My take is neither.  The last couple of years the EIA has been at best unreliable. Add to the fact that the SPR barrels are added to the equation as regular consumption and you