Baytex Energy Corp T.BTE

I don't generally .......

[topdown99]

I don't generally watch bnn but I did just see Rafi T from Canoe who was also shaking his head at the stupidity of the market . Wage war on supply while demand rages , seems like "short oil" is due to get killed as borders open and vaccinated people travel freely .

[BayStreetWolfTO]

Media is winning the storyline right now...eventually facts like the one I posted from the CDC death rate from 185 in 100,000 to ONE in 100,000...right from the CDC...soon people will figure it out and the gig is up

[BayStreetWolfTO]

Also all the sky is falling deepblue and we are drowning unlucky...for what a TWO penny change day....as the story goes...crying wolf too many times...

[red2000]

Nice wrap up ! https://www.bnnbloomberg.ca/commodities/video/demand-for-oil-still-looks-extremely-healthy-canoe-financial-s-tahmazian~2256793

[BayStreetWolfTO]

Certainly a good wrap Red. What people bearish about oil most likely don't actually get is a decline in oil mostly means a struggling economy...and all companies on every exchange are relying on the worst of COVID being behind us...if oil tanks it means most likely the markets tank and every investment not just oil tanks with it...NOW...if you believe that the bond market is certainly there

[topdown99]

I saw Rafi's interview earlier as I had mentioned , it just confirms the stupidity of this ESG arguement . How does attacking supply do anything when demand rages on ?  This is the second time this cr-ap has happened , some talking head screams "FIRE" and the algo sheep run . Over 60% of NA is fully vaccinated , the crisis is over except for some "mopping up" and BTE

[BayStreetWolfTO]

Topdown the eco woke think attacking the supplier will lower the demand. Really this is flawed and oil investors will be rewarded for the stupidity of the eco woke. Don't discourage them. I actually have come to embrace the eco woke...they actually support my return on investment. I 100% support less shale and capex from BP, Shell, Exxon et al.... Ultimately though the eco woke flaw is you

[topdown99]

Totally agree Wolf , start by shuting down line 5 and that alone would make everyone stop and say WTF ????  Those who should have more integrity have sold out to lure votes and protect a public image of "plastic climate ranger" . Truth is O&G is the only sector with either the FCF or the motivation to do the work required to make things better . The ESG lobby is only successful

[BayStreetWolfTO]

Topdown here is where my mind goes on this one. We don't want to shutdown line 5 just yet...we need to battle it a bit longer. The problem is if you shut it down too early...people will realize sooner than later they need oil and gas....we need them thinking they don't need it for a little while longer...continue to slash capex from the majors with lack of investment until you hit a point

[topdown99]

I hear what you're saying Wolf , same thing applies with nat gas . Inventory is barely 2.7Tcf , a 13 bcf injection last week and "refill" season is rapidly running out of time . Markets have blown off the "supply" aspect instead pushing this "over supplied" scenerio . That pigheaded stance has put the drill rigs in the garage and supply continues to dwindle

[topdown99]

To complete the thought , book a drill today and you might have one producing well in 6 months , this shyte doesn't happen overnight . Bring on the minus 40C and the mad dash to the Caribbean