Baytex Energy Corp T.BTE

So...

[masfortuna]

I am looking at my oil companies and ALL have dropped over the last hour.  Identical graps for all of them.  Anybody know what happened? I see oil is still up.

[dandu1924]

Taked profit as usual, pull back as usual, and finaly another short wave, as usual BUT the fundamental stuff are still there. Just dont panic after this little ride up.

[Snowballer]

Overbought imo. Target to downside is $6.50's I think. We shall see

[Nothingmatters]

Another clown spotted

[Snowballer]

Says the king of the circus himself.

[unluckyl3]

RE:RE:RE:RE:So... Says the king of the circus himself. Nothingmatters wrote:Another clown spotted  Snowballer wrote:Overbought imo. Target to downside is $6.50's I think. We shall see dandu1924 wrote:Taked profit as usual, pull back as usual, and finaly another short wave, as usual BUT the fundamental stuff are still there. Just dont

[masfortuna]

It's ALL stocks in this sector that plunged.

[northmark]

Not just oil, TCK is down 7%

[Cobalt]

I get Teck , FCX down 10% mining costs are raging higher with inflation , dropped my miners weeks ago for the commodities themself seen this comming , is Oil gas same story maybe to algos

[masfortuna]

Not the same thing. Oil is actually up.  The stocks are down. All of them.

[Cobalt]

I get it you get it but do algos just run with higher imput cost they probably do and then flip , my guess as good as any

[masfortuna]

It's all good cobalt.  I was answering the poster who pointed out TECK is down. Not upset at anyone BUT I assume that it's Powell talking about an interest rate hike. So basically that 1/2 point hike "TALK" has spooked the sector. Everytime he opens his mouth, the market drops.  The real problem I have is that he's going to repeat this weekly until he catually does

[topdown99]

The banks gotta make up for losses on tech , bitcoin and all the rest of the cr-ap they keep pushing you to buy . Look at Netflix , wiped out billions of $ because they lost 200,000 subscribers when really people are just sick of their virtue signaling , woke , eco BS programing . So on days like this they load up the algo's and turn them loose to sell even what they don't own to

[Maxmoe]

Sometimes an "oil" "stock" is all about the first word, sometimes the second. On a great day both. On a bad day both. I know it's hard to care when nasdaq stocks are taking a beating but sometimes it affects us and today the broad market rolled over and dropped a deuce after starting the day on an uptick.  

[Nothingmatters]

Powell giving a speech....rising rates market expecting..

[topdown99]

My guess is that once the buying slowed down , the algo's took over