Baytex Energy Corp T.BTE

Saudi Arabia And Russia Both Want $100 Oil

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Here's the wildcard in Oil prices and I'm sure that they will try to manipulate the Oil markets one way or another so this could see Oil head higher but won't stop a stock market sell-off and as we are seeing right now even BlueChip companies with Billion$ in revenues are being sold-off so don't kid yourself that because Oil is at a $100 that you SP will rocket higher and a Global Recession when investors are pulling money out of the market will include this stock. And if raising Interest Rates continues we could see another crisis of Deflation and could cause a market crash and ALL stocks suffer. Just be smart and aware of what you are doing each day because one day is great and the following day is crashing. Plus higher Oil prices will cause higher Diesel and Gasoline prices causing Inflation to stay high causing Central Banks to continue to raise rates causing a contraction in manufacturing causing a market sell-off causing your SP to drop. This is not gloom and doom this has happened many times.

Saudi Arabia And Russia Both Want $100 Oil | OilPrice.com