Baytex Energy Corp T.BTE

Eric Nuttall words for today...

[red2000]

Seen on twitter's also on it's podcast

Most people don’t realize when we’re talking about a recession, the world’s thirst for oil still grows. It’s just a moderate pace.
You’ve got to go back to the financial crisis of 2009 or COVID.
Before that, it’s extraordinarily rare.

What I’m trying to get across is : the market is SO undersupplied already, that that very fear is exactly what we need to avoid inventories drawing further, and propelling the oil price meaningfully higher from here.

https://www.ninepoint.com/alt-thinking/audio/alt-thinking-podcast-inflation-nation-and-prices-at-the-pumps-with-eric-nuttall/

[marcrobert]

he's very positive, oil demand increasing regardless of reccession fears, says he's shocked at the drawdown in stock prices but buying bte only buy he talked of as well as cpg being cheap. he said even hios own clients he has to reassure that even with crude at 70, bte and others throwing off 20+% free cash, 40% currently now, is he biased, of course he is, does he understand energy

[BayStreetWolfTO]

Say what you want about Eric but he has a tougher job than I..... The wife also tells me I should be selling my banks etc...and buying more LOL He is trying to convince his clients to hold...such hand holding can be exhausting when it's your job. At these yeilds even at $70 once you're debt free this is a no brainer in my opinion.