Baytex Energy Corp T.BTE

Angola has left Opec

[masfortuna]

Well I don't think ths changes much. Their total production is in area of 1 million bpd.  Even if they stayed and urtailed production by 100k, it would be a drop in the bucket. The "perception" is what will put pressure on the oil price. I still haven't bought back and will remain on the sidelines until after the holidays. Goo luck to all.

***Cobalt I sold CS this week. It keeps hitting that top bollinger band and then dropping 15-20%. Looking to rebuy at $5.50. GL!

[Marty47]

Who care , we no longer have issues with them at the meeting , Brazil came in and the Saudi will work them a bit to help with the price , Brazil have more upside than Angola , these africains make big wave and f.....up and leave after , just useless 

[red2000]

From Eric Nuttall on X : Angola's production has been in persistent decline and they are actually underproducing their quota. IMO this is not a sign of fracturing within OPEC and is country specific.

[Cobalt]

Sorry to hear that CS 5% today, extra 40% coming danm nice! Capstone Copper Corp. overnight Wednesday said commissioning activities are underway at the Mantoverde development project in Chile. The project is expected to boost consolidated copper output by more than 40% while reducing unit operating costs, the company said. Capstone said the project is on time and is on track to reach