Post by
topdown99 on Apr 25, 2022 11:17am
More Russian oil on fire
Two oil facilities in western Russia are on fire , explosions were reported in Bryansk Russia (about 150 km NE of the Ukraine border) . One facility has several oil and fuel tanks are burning , they are civilian and owned by Transneft holding 10,000 tons of product . Shortly after (approx 10 minutes) a military storage tank farm also lite up holding 5000 tons of product . Nobody has said it was a Ukrainian attack but all things seem to point to that . Long and the short of it states supply is again under pressure so let Toronto play their games , WTI will be back above $100 again in short order .
Comment by
BayStreetWolfTO on Apr 25, 2022 11:23am
I have a feeling this is only the start of oil related terrorism....
Comment by
topdown99 on Apr 25, 2022 11:26am
Its only a matter of time before a nat gas pipeline or compressor station gets lite up Wolf . Putin will have his hands full trying to get all these fires put out and months (if not years) to get this infratructure repaired and operating again
Comment by
BayStreetWolfTO on Apr 25, 2022 11:31am
While we wait Baytex banks 2.3+ million in free cash flow every day at $95. of which 25% for buybacks With oil at these prices share price will impact the amount of shares you can buyback and cancel. Higher share price...less shares bought back...lower share price...more shares bought back.
Comment by
Hightowntrader on Apr 25, 2022 11:38am
And it's another great excuse to blame high prices on...
Comment by
red2000 on Apr 25, 2022 1:35pm
Found this : https://www.kyivpost.com/ukraine-politics/fire-breaks-out-at-two-oil-storage-facilities-in-bryansk-where-russian-military-is-based-nearby.html