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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 > Just like that BNN headline today....and oil up
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Post by BayStreetWolfTO on Aug 10, 2021 7:37am

Just like that BNN headline today....and oil up

Surprise surprise....just like that today's headline this morning on BNN is the recovery is easing variant concerns and that is driving oil higher...lol...really this is the repeated headline 5 times in the last 5 weeks which follows the headline oil down on variant concerns impacting the recovery...this is almost criminal.

I keep saying the media, hedge funds and big guys LOVE covid...the ability to manipulate the market is astounding...however eventually the general public becomes immune to the bs. The story of never cry wolf...

"Oil rebounds from three-week low as recovery withstands Delta"

"Oil rebounded from a three-week low on expectations that the global economic recovery will withstand the latest virus onslaught"

"Still, global demand is expected to hold up and tighten the market through the end of the year."

Reference: https://www.bnnbloomberg.ca/oil-rebounds-from-three-week-low-as-recovery-withstands-delta-1.1638431
Comment by dandu1924 on Aug 10, 2021 7:44am
Allways the same pattern, One day the Covid is back on the menu and the day after the Covid is almost gone, the Covid has been a very good excuse for many  things and  the Covid has been one of the best tool to manipulate the stock market, don't you.
Comment by Stockhudson on Aug 10, 2021 9:00pm
Bald Mike was on again and they asked about his gold and oil going to 50 and he stumbled around with the answers    weong again Mike 
Comment by BayStreetWolfTO on Aug 10, 2021 9:13pm
Media always has an agenda. Stick with data versus guys with crystal balls
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