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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Hi TD, the positive is OPEC + is the driver of the bus
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Post by BayStreetWolfTO on Jul 12, 2021 5:29pm

Hi TD, the positive is OPEC + is the driver of the bus

OPEC + managed to control supply through the toughest period in history...and continue to do so keeping oil prices above $70. There is no data to suggest they won't control the market.

That said BTE is hedged above their plan numbers for 2022 so far and I believe looking at the futures out through April 2022 they could hedge 100% above a $70 average. I don't see anyone screaming right now hedge it all for 2022 lol.

However they could and as a result still be way ahead of he plan through Q3/Q4/Q1 and Q2

All this variant stuff is noise. All the data shows overwhelming those dying are those who made a choice not to get vaccinated. Roll the dice take your chance. Darwin.

As I say follow the data

"Nearly all COVID deaths in US are now among unvaccinated"

"And only about 150 of the more than 18,000 COVID-19 deaths in May were in fully vaccinated people. That translates to about 0.8 per cent, or five deaths per day on average."

Reference: https://www.cbc.ca/news/health/us-covid-19-deaths-unvaccinated-1.6078680
Comment by Snowballer on Jul 12, 2021 6:43pm
The propaganda machine for covid19 and vaccinations is a big one.  The following is from the same article you're referencing: "The CDC itself has not estimated what percentage of hospitalizations and deaths are in fully vaccinated people, citing limitations in the data." AKA: We don't actually know the % of deaths between the vaxxed and un-vaxxed but we'll tell you ...more  
Comment by TrendSwapper on Jul 12, 2021 6:54pm
https://www.cnbc.com/2021/07/12/most-fully-vaccinated-people-who-get-covid-delta-infections-are-asymptomatic-who-says-.html
Comment by Snowballer on Jul 12, 2021 7:09pm
All I will say is "as I said". lol  Lesson from this article... Get vaccinated, still wear a mask, still social distance. And I'm not saying not to get vaccinated, I'm simply saying don't be naive about the risks and what is taking place with supranational organizations and their governmental stakeholders and the price we are all paying. We all need to be free to make ...more  
Comment by BayStreetWolfTO on Jul 12, 2021 7:17pm
Agreed its all a choice...no one is forcing anyone to get a vaccine. Your right the CBC article is one of many. Just like the following "Fauci, the countrys top public health official, has said that in June, 99.2% of Covid deaths in the US could be attributed to those who are unvaccinated." Reference: https://www.theguardian.com/us-news/2021/jul/08/fears-of-new-us-covid-surge-as-delta ...more  
Comment by Snowballer on Jul 12, 2021 7:33pm
lol, I recommend relying on a quote from Fauci when you can simultaneously articulate his conflict of interest and abhorent track record of hypocrisy and lying. As you like to say "follow the data" and as I like to say "follow the money!" Agreed, it will be tough to book a sunny destination this winter... 18 months after they told you "just two more weeks of lockdowns ...more