Baytex Energy Corp T.BTE

Oil price Parabolic

[Realdude]

This oil price increase is just more bad news for oil stocks. I know all you pumpers are feeling the same, but you all just whistling by the graveyard afraid to voice your deepest fears. Oil needs to stay elevated between $85-90. That's it. No more. Demand destruction and over supply by many countries will start up if oil stays above $95 ish. My views are based on historical facts. And history repeats itself for those who have forgotten.

[jleer42]

If you want to look at historical facts, then take inflation into account. You will discover demand destruction typically took place when WTI was north of $120 in constant 2023 dollars. I don't want WTI north of $100, but that is because I want oil prices to stay of politicians' radar.

[Paray99]

The world is rewriting the old history dear! Another famous saying is that stock market forgets what happened yesterday...  every day starts fresh.... There is no room for sentiments. Oil will definitely settle above $100.

[Realdude]

I hope you right parlay cause every time you hear about a " new normal" look out below dear.

[robert41]

I agree we need a balanced market... now if a new balanced market was in the 90 -95 range the world would adjust and Bte and everyone would still crush it. 

[riski]

Come on, don't play silly games. A higher oil price means more revenue for oil companies and the relationship is not linear. Curtailed demand happens at about $120 according ot the experts, but because the supply is constrained, that would only prevent oil from moving even higher than $120, though it would take a few months to settle out there. Before that, a spike to $150 or beyond is a very

[dllscwbysfn]

If WTI gets well over a $100 I would hedge the living    out of it for the longest period possible

[masfortuna]

What  historical facts are you alluding to? Oil stayed above $100 for over a year a decade ago. If you factor in inflation the at year the avg.  was $150.