Baytex Energy Corp T.BTE

"The Pandemic Within The Pandemic". Will it ever end ;(

[Snowballer]

https://www.cp24.com/news/ontario-will-need-even-harsher-third-lockdown-soon-due-to-covid-19-variants-top-epidemiologist-says-1.5343242

I see new March lockdows as a significant risk to the oil price.  I suppose it will depend on China and U.S. policy.

[topdown99]

I doubt very much that a lockdown in Ontario will effect the price of WTI or the price of tea in China for that matter . Saudi Arabia is in control of oil prices and they will do whatever is required to keep prices up . Remember they need $80/bbl to balance their budget . Even at $65/bbl , companies like BTE are raking in the FCF and Q1 numbers will support a 2 handle on the share price . Someone

[Snowballer]

Agreed. My only thought was that if lockdowns exacerbate throughput Europe and other countries beyond. Germany, France among others way behind on vaccines paired with “new variants” could introduce a sell off in oil. But realistically unless this impacts the UK, the USA and China probably nothing to worry about. 

[Snowballer]

Looks like this was a real risk afterall.  France entering into new lockdowns now, too.