Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

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Baytex Energy Corp > Oil stocks can’t find direction

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Post by 1234bmth on Dec 10, 2021 11:02am

Oil stocks can’t find direction

It looks like oil stocks are waiting for Iran's nuclear talk results to find their direction.

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Comment by BayStreetWolfTO on Dec 10, 2021 12:10pm

Yes waiting for next macro event. Charts don't tell you when or what that will be...so we wait In the meantime every day over $70 is a great day! PS Iran issue is just a media talking point later...Biden has turned a blind eye to Iran exports to China which have been huge...he is talking tough now but has been a wimp on the international stage... https://wolfofbaystreetto.blogspot.com/2021 ...more

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Comment by Tommy007 on Dec 10, 2021 2:09pm

All people know Iran's oil is being exported through China. If you purchase any Chinese made products or doing business with China, you are supporting Iran's oil indirectly.

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Comment by 1234bmth on Dec 10, 2021 4:34pm

I agree with your point and this is physical fact, but historically the market reacts more on the news rather than what is going on under table at least in short term. Any news from Iran nuclear talk positive or negative will impact oil price and oil stocks accordingly for a certain period of time, however in the long term the market will balance it self based on physical supply and demand.& ...more

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Baytex Energy Corp