Baytex Energy Corp T.BTE

bnn

[Stockhudson]

Mike guy says oil going to 50   where is eric to argue differently

[BayStreetWolfTO]

Crystal Ball people. Some say $50 some say $80...right now we are $69 and no one knows anything outside of that. If someone tries to tell you they can predict covid up or down or any other macro unknown I would ignore.

[BayStreetWolfTO]

Stockhidson the other point is based on the corporate presentation page 14 based on the 3 way hedge if oil was to drop between $48 and $58...BTE receives $58...so even $50 is $58....and you know what that means $58 is ahead of the management 5 year target rates :-)

[dandu1924]

No one cans predict the oil price anymore, too much factors or/and  fake factors. If the oil going to $50, then  the shale oil producers in USA will  dry up and disappear, that  will be good for the rest of the oil sector.

[Owlseye1]

I think it has better chance of going higher then lower. No big Cap X being spent for yrs now on new production.

[Owlseye1]

Mike guy is always so negative! Head for the nearest bridge with him n u know the rest of the story! Saudis won't let that happen! $50.OO OIL WHAT A JOKE! REALLY!

[topdown99]

Mike ??? Is that the bald idiot from NY (commodities guy) ? If its the guy I'm thinking of he is always negative unless he is talking about tech companies 

[Stockhudson]

yes that s the guy   akways negative   i think they bring him on to annoy people   lol 

[topdown99]

Agreed Stockhudson , lol