RE:Baytex Opex Week, and sellers have left the buildingExcellent post RS , you obviously put a lot of thought into that , well done .
Over the past couple of years we have seen several versions of the "chicken little" routine and the playbook is always the same . A newbie shows up with no history looking to buy a good O&G stock , after a few days they start whining about slow progress , then a neighbor buys a Tesla and the entire Cul de Sac wants to buy one . Thats when the warnings start , "do you know an EV doesn't need gas" ? Spare me !!!!! Once you debunk that poster another alias appears and we rinse and repeat .
Every day its the same thing , bnn wheels out Mike McGloom to assault viewers with phantom production increases , fictitious drill rigs counts , the EV revolution and oh yeah , buy bitcoin , day after day after day after day after day after day after day ...........
We just had another one today (Chrisinvan7) , either he lives in a van or he's being coy about living in Vancouver . Even the people who work at the Parkland refinery (Burnaby) won't tell their neighbors they work for Parkland , why would anyone from eco central be looking to buy an O&G stock ? If we believed these fools , the Wolf , red and MbCanuk would be hiding in a bomb shelter watching cnn/cbc or some other fake news channel waiting for the end of the world .
We are 10 trading days away from a pivotal quarterly report that I have waited 18 months for . Everything management said they were going to do , they have , religiously paying down debt while maintaining production . Is it any wonder the sellers have slipped out the back door , the writing is on the wall . I'm not going to make any price predictions , I'll leave that to Brian Acker and his amazing algo modeling . I will make this prediction though , if you don't have a seat when the music stops you will look like Wile E Coyote after being out foxed by the roadrunner , burnt to a crisp !!!!