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

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Baytex Energy Corp > The effect of US market

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Post by 1234bmth on May 31, 2022 10:40am

The effect of US market

Yesterday US market was closed all my mining, oil, tech and manufacturing stocks held their gain to market close. Today US market is open and we see the difference.

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Comment by BayStreetWolfTO on May 31, 2022 10:43am

Yes DOW and Nasdaq cooling off after last week rally.

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Comment by TheWokeLemming on May 31, 2022 11:16am

Shaking the tree. Opportunity knocks!

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Comment by masfortuna on May 31, 2022 11:33am

Energy companies in the US are killing it today so "NO" I don't agree.

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Comment by 1234bmth on May 31, 2022 11:37am

they are not killing it, they are adjusting to yesterday's run in CAD market because US market was closed yesterday.

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Comment by masfortuna on May 31, 2022 12:05pm

Exactly. So what is your point? If you are suggesting that O&G companies are down because they are being manipulated, I still say "no". We are down because we will see an interest rate hike tomorrow, we had a 3% run up yesterday, and the EU ban is causing growth concerns. The first 2 don't apply in the US.

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Comment by 1234bmth on May 31, 2022 12:38pm

first of all my comment was not just for energy stocks, it was for overall market, yesterday 98 % of my portfolio was in green, today 98 % in red? And this not the first time 8 out of the 10 times happenes the same thing when US market is closed and CAD market is open. secondly the interest rate hike is not announced today to be a surprise, it was expected, so why the stocks should be down just ...more

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Comment by BayStreetWolfTO on May 31, 2022 1:01pm

1234, to your point I agree you have green and red days.. We will see what today is after close. I agree I think the rate moves are factored into the market right now...JP has been very clear on what he sees for this next hike 50 bps It's the end of the month....so you will have some up, some down and some lateral moves today as people look to close out monthly positions for reporting. I do ...more

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Comment by masfortuna on May 31, 2022 9:51pm

Again exactly. It's the entire market (mostly). Nothing to do really with O&G except that this sector was down the most. Nothing has changed. Still long. Mas

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