Baytex Energy Corp T.BTE

OPEC extends cuts to end of June.

[HeavyBanana]

"OPEC+ on Sunday decided to extend cutbacks on oil production through the first half of the year to support prices by warding off a surplus.

 

The curbs of 2 million barrels a day will remain until the end of June, Bloomberg News reported, citing delegates who asked not to be named because the information isn’t public. Saudi Arabia makes up half of the promised cuts to production."

 

[Marty47]

This will be positive for the wti , as I knew USA won't crank production , after all the mergers big oil will control more productions , now we need to see how the Ceasfire will play ...... if they agree on 6 weeks oil may go down a bit but as soon Isral resume fighting oil may hit 85$ mid to end april ..... 

[dandu1924]

The last news said" Israel refuses to send delegation for the ceasefire talk in Cairo ". 

[Marty47]

Y'a I think Isral don't care , they want to destroy hamas and don't care about the people , hey if they can starve them they won't need to use missiles , they don't care about usa , they invade Irak and Afghanistan' and they bomb hiroshima , they never ask permission to do so , USA are hypo.....crite due to upcoming election , drop some Swanson meals from the sky to get

[red2000]

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Agrees-to-Extend-Output-Cuts-Till-Mid-Year.html Good timing for Baytex to right off assets !!! GL Longs !