Baytex Energy Corp T.BTE

Per Bloomberg

[nikolaos]

"The U.S is considering a plan to release roughly a million barrels of oil a day from its reserves for several months to combat rising fuel prices".

The buildup to an energy crises is looking more imminent. 

What are your thoughts guys?

[Decaffeinated]

I believe that oil in the range of $85-$115 would be sustainable for many years. The Oil Co's will make gobs of cash, and this price range won't push the economy into recession.   Oil @ $120++ would only be sustainable for months, it would be the tipping point for recession. 

[arizonabound]

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[nikolaos]

Who would be bothered to invest in more production at the expense of the bottom line?  Patience is the key with all O&G stocks. Companies like TC refused to even consider Keystone once the grumblings began about a month ago.  There is no appetite when the sector is the black sheep and then becomes the saviour. The UAE made that very clear last week and MBS and MBZ is in full control.