Baytex, Expiration, Hedges, and malware I leaned last night that stock futures are no longer traded. The Quad expiration is now triple again. I never traded stock futures, and wouldn’t, if it was still possible.
I have enjoyed some posts where people compare the oil price adjusted for inflation dollars. It really provides some real market proven insight. My opinion is, that oil needs to have a baseline seasonal range, that keeps the wild swings in both directions from happening. Over produce and oil will go too low. Take away incentive to drill, and it will become too expensive. Over-drilling, and borrowing money to do it, was why oil was too low, for too long. That is why I am against levered paper contracts, and manipulations. The price swings create problems, and margin calls facilitate bankruptcies or bailouts. We the people receive the bill for both, and there is nothing good about that. Baytex struggled to survive in that last downturn.
My personal call for the oil range is $90 cold months, $115 warm months. I am not saying it will go there, it is just the range I believe must exist, for balance and consistency. I am OK if it goes higher than that, I just know that if it does for a long time, it will eventually go below that at some point as well.
So here it is, the end of the triple witch expiration. It’s game on until the next expiration on April 11-15t. The trading days leading up April 28th will not be good for shorts, nor will the summer months!
I would like to know if Baytex entered in to some hedges when we were approaching US $130/barrel recently. It would be nice for 41% of 2023 to be locked in at those levels. We all know they were watching!
I agree with BSW and Topdown99, no need to give in to the 5 aliases. Just don’t help them by selling! Announce that you bought more, even if you didn’t! Get outside and enjoy the weather.
***** IMPORTANT
A warning about the video poster, and the viewer plug in. There is almost certainly javascript exploiting malware embedded in that video. I hope nobody watched it. I never watch them.
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