Baytex Energy Corp T.BTE

Oil market has clearly priced in a recession

[riky144]

Randy Ollenberger, managing director of oil and gas equity research at BMO Capital Markets, joins BNN Bloomberg to discuss the outlook for oil amid recessionary fears. He says market fundamentals don't support a drop in prices anytime soon and that investors can expect oil company shares to appreciate.

[marcrobert]

he he sell side analysts and cheerleading fund managers. Hey they talk their book, understandable. hopefully its different this time. clearly the big generalist hedge funds and speculators have exited for now or are getting out. ollenberger said recently it was a buying opportunity or maybe nutall. we'll see. if big buy volume doesn't come back into these stocks, doesn't matter how