RE:Interesting Close For BteThe bank computers had some fun today but the close was telling . BTE is rolling in FCF and will be reincluded in the TSX S&P300 in 2 1/2 weeks , a move long overdue .
All Biden's jaw-boning about oil prices have to make you wonder ..... like what happened to "buy American" ? Biden wants only American steel , aluminum , cars , parts , etc but then he begs OPEC+ to pump more oil . Biden has pissed off Saudi Arabia , Texas , Pennsylvania & Canada and I fully expect OPEC + to "pause" any further production increases while the "omnicommi" virus until its proven immaterial .
This waterfall drop in crude prices will make any E&P company rethink any marginal exploration while again only squeezes production . Biden never achieved lower gas prices for thanksgiving but he did manage to piss a whole lot of people off .
The API reported another crude draw tonight and winter is starting to settle in , I expect a large recovery after OPEC tell Joe to go F himself on Thursday .