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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 > Federal Reserve Chairman Jerome Powell Speaks
View:
Post by geezer21 on Apr 21, 2022 10:48pm

Federal Reserve Chairman Jerome Powell Speaks

Notice that after Federal Reserve Chairman Jerome Powell spoke today about raising interest rates, that while stock markets sold off, tangible assets like copper, oil, gold, natural gas etc., did not drop. They maintained their value.  Excess paper in the stock market is divorced from real economy.

Raising interest rates is to prop up the USD.  It is not prices that are rising but it is dollars that are devaluing.

Commodities are an inflation hedge.
Comment by Cobalt on Apr 21, 2022 11:01pm
Hzu 2x silver Hbu 2x gold if they can ever break out , USD too strong right now but soon it will turn and years of decline :)
Baytex Energy Corp