Baytex Energy Corp T.BTE

$100 is influenced by Middle East Conflicts

[Tradinghands]

Middle East track record is 99% chance that as soon as one ends another will be created and this is great for oil prices.


List of modern conflicts in the Middle East - Wikipedia

[robert41]

no one needs $100 oil its never sustainable always ends bad we need it right where it is. all companies quietly make a ton of cash and so do we.. 

[JohnnyDoe]

On the one hand I agree with you. 80-85 oil. Tight differential. Weak cdn dollar. Cdn oil companies are rolling in it. But they're all trading at historic lows based on the metrics. On the other hand, all the talk about the re-rate, I kinda feel like Linus waiting for it in the pumpkin patch

[Swackaboozy]

More like shorters and institutional holders pulling football from Charlie Brown at last second

[Franman184]

A year or two at a floor above $70 and continuing company discipline. (Pay down debt, buy back shares, reward investors) The shareholders start to reiceve greater than 20 percent return on thier investment and the companies will rerate. I belive the market is in a show me first state right now on oil and gas. When it rips it will be quick. GLTA

[robert41]

Well said very few trust the market we need a stable range in oil prices these companies will perform well if that happens.. investors have been burned too many times over the years the younger generation hasn't embraced it as an investment yet. 

[dllscwbysfn]

Baytex is a dog at $70 WTI but if we get a long run in the mid 80s then it should perform nicely. That being said I would take a couple of months or quarters at $100 WTI in a heartbeat.

[robert41]

Very true on $70 wti all of them are dogs and will get punished. If it ran to a hundred I'll be one of many investors selling everything as given the run will be very short lived.

[Swackaboozy]

WCS is biggest wild card this year,heavy oil names should make s### yon cash

[Marty47]

 Mo Bin Salman won't let happen , and his buddies will be more than happy to pump more once it get to 100$ and keep the market share , they have spare  capacity , and if oil get to 100$ Joe will wake up from his nap and give free pass at Maduro , he will do watever to bring oil down , at 85$ wti joe is napping and you won't wake him up , for canadiens oil company we need dumb and