Post by
Wildfury on Jul 20, 2022 5:29pm
Fuel shortages
Fuel shortages all over,in Panama,riots happening in the news,Sri lanka ,major shortages with more countries growing by the days. They want us to believe that there's demand destruction , not happening and its going to get worse once Russia stops supplies . Think about it ,Russia could take Ukraine in a week, max, why is the so called war dragging on? To keep prices elevated of course ,Russia benifits big time. Take a look around you,I live in Oakville Ont, nothing but grid lock every where ,every day .Help wanted signs every where , no lay offs, no recession , just lies by the media and governments . I say to you, hold on to your Baytex shares , . We are severely undervalued like many other Canadian energy companies , judgement day is coming very soon for all the longs , be positive , stay positive , ignore the BS ,oil & gas is in short supply & high demand . This week Delta airlines ordered 100 aircraft with options for 30 more , recession ? Take a look at your local service Canada office , lineups every day for passports , airlines cant handle the demand ,the airports cant handle the demand .Aircraft run on kerosene ,basically they call it jet fuel thats a cheap by-product of crude . I recently retired after 40 years in the aviation industry ,the order books are back logged 3 years for $75 million dollars US private luxury jets , what recession . The inflation has nothing to do with oil & gas ,its all the world's government's making us pay for the past few years of covid lockdowns & debt that they created ,stole from taxpayers , all in the name of safety . Im not selling one share of Baytex for another year at least .
Comment by
Maxmoe on Jul 20, 2022 5:36pm
Cats and dogs living together ! It's crazy man! A bit kooky like me, but the conclusion is rational.
Comment by
deepblue on Jul 21, 2022 12:11am
Lol..keep telling yourself oil is going to $150 and bte $20 if that makes you feel better. Demand destruction has already occurred and oil will keep heading lower. See you at $5 in a couple months.