Baytex Energy Corp T.BTE

UK Tax on Oil Companies.....

[spurwing2]

I guess this is affecting our oil stocks too,barely moving up with oil up at over $4.00.When Oil was struggling in the $20s I did not hear that Govts were helping the oil companies to stay afloat.Banks refused to lend money to them.I'm sure this tax happy govt will adopt the same cr--p!

[Cobalt]

Making the rounds now is Biden putting the Oil export ban back on, just get the sector over bought now so i can take off the trade before Biden pulls a rabbit out of his hat all for Nov. I will then get back in after the sell off for the long term damage done. The Biden administration appeared to reverse its previous position that it wouldn’t consider an oil export ban Tuesday. “I can

[BayStreetWolfTO]

Good luck with your trading decision. For sure it is pushing the nuclear button on your trading partners. Big consuqeunces to the US....would be the US starting a war against it's allies. "Biden administration weighs US oil export limits again, but analysts so far doubt action"

[Cobalt]

I cant believe he would but but the fear is real right now keeping people out of the market. It will be some other rabbit he will do whatever to save Nov or try. All good if it does roll over we can make it even faster with HED.

[Relaxrelax]

All this type of chatter is actually bullish for oil.  Odds of this happening are very minimal and only hurts any thoughts of future investments.  I wake up every day so happy that Biden and the dems are running the show talking green and doing nothing substantial to lower oil and gas prices for their population.  If Trump had won the election, oil would be at half the price it is

[Cobalt]

Right so do we short after Nov GOP massive wave of wait 2 years when they sweep it all? hmmm

[BayStreetWolfTO]

I guess the question is if the dems lose the house and senate with Biden in the WH....what really changes...or are we now just circling the airport on the same course we have been on since he took office...no better no worse from a policy perspective... I don't see the environment for oil supply/demand changing at all due to the mid-terms. Just my opinion.

[Relaxrelax]

No, Biden will still be president and will veto anything pro oil that the Republicans pass and crosses his desk.  So the energy bull run is safe till the next presidential election.   Probably best to take a lot of profits a month or 2 before, so September, 2024.