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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

TSX:BTE - Post Discussion

Baytex Energy Corp > This view echos mine
View:
Post by masfortuna on Feb 13, 2022 11:12pm

This view echos mine

Quote from JP Morgan"

"We note signs of strain across the group: seven members of OPEC-10 failed to meet quota increases in the month, with the largest shortfall exhibited by Iraq," JP Morgan analysts said in a Feb. 11 note.

The bank added that a super-cycle is in full swing with "oil prices likely to overshoot to $125 a barrel on widening spare capacity risk premium".

Investors are also watching talks between the United States and Iran to revive the 2015 nuclear deal.

Comment by Maxmoe on Feb 14, 2022 10:37am
Olden days a hundred years ago. At a board meeting of robber barons. THE JP Morgan or maybe it was Carnegie. Tha board was informed the plants can't keep up with demand, the supply chain can't keep up with demand.  Solution. Hire another 1000 men, hire another 100 trains.  And SELL all my stocks.
Baytex Energy Corp