Baytex Energy Corp T.BTE

Suckers rally

[deepblue]

Oil will be back to $47 next week.

[BayWall]

Back 6 years ago--One of Canada's richest families that made a fortune investing in grain during a drought is now snapping up oil wells in Manitoba. A decade after expanding its grain business during a slump in prices, the Richardson family of Winnipeg, the eighth richest in Canada, is making a similar bet on oil. This was when oil was $54 and the Richardson purchased oil/gas/pipeline assets

[BayWall]

Billionaire value investor Warren Buffett is betting on one oil company. He purchased around five million Suncor Energy shares in June 2020, increasing his stake to 1.3%, or 19.2 million shares. Is he right in investing in this energy company?--So now we have Richardson's and Warren Buffet investing in oil. Who is to argue with billionaires?

[deepblue]

Told ya!

[Stalkhouse]

This post has been removed in accordance with Community Policy

[zorzie]

Weird,  things go up and down,  who could have guessed?   What a visionary. 

[Stalkhouse]

This post has been removed in accordance with Community Policy

[Petrotech15]

You are right alot of times. This time no.

[TrendSwapper]

I don't think oil will head back down - Saudia Arabia is.clearly showing they need / want higher prices this year. But, with oil being positive today I'm curious as to why the SP is down. Too much, too fast maybe? Needs consolidation.

[BayWall]

Maybe investors still tentative to jump in. It's has been years of low prices. The hurt from the oil patch is still fresh in memory.

[deepblue]

One day you guys will understand how the markets work.

[BayWall]

It's not easy, the oil market or any commodity market for that matter. I thought fossil fuels, for the most part, are going the way of the dinosaur. Climate change issue, electric cars, (BC wants no more gas vehicles sold in BC by 2040), green hydrogen and Biden's vision of renewable energy. Billionaires can be wrong also. I thought Warren Buffet would invest in renewable energy, which he

[Snowballer]

Unless it breaks .84 you can’t say Sht. 

[TrendSwapper]

Says the idiot that recommended a sell in the 30s. Go away.

[ManitobaCanuck]

BAHAHAHAHA  LOOK AT THE MASTER DEEPBLUE WHO UNDERSTANDS HOW THE MARKETS WORK. CAUGHT WITH HIS PANTS DOWN SHORT ,rROFL

[deepblue]

Told ya!

[Stalkhouse]

This post has been removed in accordance with Community Policy