RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More 12 months target for Baytex and others CDN stockMost oil is sold on forward contracts not the spot price. It's not exact, but rule of thumb is oil sold today is at the forward price one month ago. As an example September is sold at August forward contracts. WTI prices are quoted not as the spot price, but the front month futures contract, currently forward pricing for November.
| MONTH | LAST | CHG | OPEN | HIGH | LOW | SETTLEMENT | DATE | VOLUME | OPEN INT | DATE | TIME |
| Crude Oil Nov 2023 | 86.49 | -0.17 | 87.06 | 87.08 | 86.46 | 86.66 | 10/16 | 5,194 | 130,624 | 10/16/23 | 21:57 |
| Front Month | 86.49 | -0.17 | 87.06 | 87.08 | 86.46 | 86.66 | 10/16 | 5,194 | 130,624 | 10/16/23 | 21:57 |
TheRexmember wrote: Not following your comments on quarterly pricing?
they report Q3 in November like most companies. Why would the months not be july, august and September? Their year end as published in the financials is December 31st.