Baytex Energy Corp T.BTE

Okay so what do you all call? OPEC+ INCREASE or FLAT?

[Snowballer]

I'll go with slight increase.

[BayStreetWolfTO]

WTI traders factoring in an OPEC + increase. Will depend on UAE...US applying high pressure but will see. For now oil market building in an OPEC + increase trading $81.31 for now.. Me I'm easy Q3 is $70, Q4 will be $75+ and that I believe gets us to the debt target or very close. After that I'm quite content with a drop to $65-$70...as I factored $65 for my share buyback which allows 10

[CashHungry]

As an optimist I am happy with whatever the outcome. If they stay flat (meaning they keep to their scheduled production increase) it could be because they don't don't have the immediate spare capacity to increase production. If they accelerate the increase of production it could be because they believe the barrels will be easily absorbed into the market.  OPEC+ (excluding perhaps

[Moemoney42]

I would bet Opec+ will hold the line on the increases.. so much so that I'm buying some of the beaten down players today.. good luck to the longs.. ;-)

[Snowballer]

My comments in red, below: Also agree with this. Still a bullish outcome with a short term hit to the oil price.  I think OPEC+ will play ball a bit with the USA on it's annoying chatter about high energy costs.

[BayStreetWolfTO]

Snow, agree 10000% is it annoying all the chatter about high energy when I see the headline today on BNN stating housing in Toronto hits new records... People willing to $1.155M (average Toronto home) BUT COMPLAIN ABOUT $2/L Premium gas LOL

[geezer21]

The Russians will not go along with an increase.  They can just sit back and enjoy the ride.  OPEX has  only been able to meet 50% of their promised increase of 400,000 b/d.   Any promise at further increases will be just hollow promises that they cannot attain.