Baytex Energy Corp T.BTE

Best Guess: Oil Equities downtrend then reverse in november

[Snowballer]

If true, ride the bounces!

[BayStreetWolfTO]

This would seem to go against the 20 year historical seasonality chart though I guess.

[Snowballer]

Well we are August now... so I suppose my guess would have it shift a few months to bottom end of October instead of now in August. But who knows! I think recession fears - blah blah blah - chew up the next number of weeks.  But at some point that fundamental picture will snap back into place. Probably as Germany and the world declares an official energy emergency

[BayStreetWolfTO]

Yes not sure where we land next few months....but my bet is completely different to where we are in December. Europe is in trouble regardless recession or not....and we will see even more gas to oil switch this winter.

[Cobalt]

Add this to your formulas BW takes 4200 new wells a year in the permial basin just to keep even production! , no truck drivers , no sand , no steel , on and on.

[Cobalt]

permian 

[BayStreetWolfTO]

100% Cobalt.