Baytex Energy Corp T.BTE

U.S. Economic Officials Says Biden Considering Oil & Tax Win

[Quietinvestor]

https://oilprice.com/Latest-Energy-News/World-News/US-Economic-Officials-Says-Biden-Considering-Oil-Tax-Windfall-Tax.html

[TheWokeLemming]

A great way for Biden to incentive the desire for companies to increase production.  It would be another colossal mistake so you can bet it'll probably happen.  Trudeau will then follow suit and Alberta separation will grow 10 fold. 

[TheWokeLemming]

That should read DE-INCENTIVIZE. 

[dllscwbysfn]

 This stock easily doubles in the next year as long as 3 things happen.   1 WTI stay over 100   2 The government somehow manages to not put the counrty into a major recession/depression   3 The government does not start a windfall tax on oil companies. I am long but I am getting nervous because of points 2 and 3

[Cobalt]

Odds of 2 are so slim , 2 jobs for every unemployed, consumer has an extra 2 trillion still, corporation debt is dirt cheap they can spend. Maybe with $180 Oil but we get to sell a blow off top :) 3 check the UK names they did it , I be raising cash for it buy the dip CPG was the first to go , Next 

[dllscwbysfn]

I agree that it would be a really weird recession with that many jobs avaialable but interest rates rising is going to kill the consumer. I will likely hold until 2nd q earnings then sell a third and let the rest ride

[Cobalt]

Day before extra 8% ;)

[IndianSparrow]

The headlines are coming fast and furious. First it was WSJ with the story about Russia exemption, then FT yesterday about SA and now this. Interestingly, the other country which has "proposed" a windfall tax on their O&G companies is UK. First of all, this will not be possible to pass in the US Senate and Congress, as they themselves admit, there is resistance within the Democrats

[Skylar1]

LOL agree . Trudeau will be next to bring this up . 

[dllscwbysfn]

  Trudeau just wrote a cheque for 1.3 BILLION. This guy simply does not understand inflation, the rest of the country can suffer but hey let me go and spend some money, maybe get a picture or two. Who votes for this guy. Someone else quote from a week or so ago " the country is run by idiots voted in by idiots"

[fortunefavorsus]

Great news oil/gas is the place to make windfall profits.  Should get a lot more investment and oil companies have no incentive to increase production.  Retarded Joe Biden going to send oil to $200.  Seriously no way this gets passed but just more political garbage from corrupt degenerate Biledung.