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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > My last post on this...too much of a distraction...moving on
View:
Post by BayStreetWolfTO on Aug 04, 2022 2:25pm

My last post on this...too much of a distraction...moving on

Over time things always reconcile....if this brought us to $88 oil or $85 or $80....makes no difference BTE makes more in 2023 than $95 this year...so moving on....wait for next weeks EIA report and we will see.

Last comment to post on the issue......



"Bank of America energy strategist Doug Legate published a note (available to pro subs in the usual place) titled the "fall of gasoline demand appears grossly exaggerated""
Comment by realcdn on Aug 04, 2022 7:27pm
Gas prices in Canada could 'snap back violently', warns analyst
Comment by Snowballer on Aug 04, 2022 7:39pm
This seems very likely if a recession doesn't show up in more meaningful terms soon.  And as BSW points out the fundamentals in the market are extremely tight/scary.  And I think a violent snap back up in fuel/oil prices will actually be the catalyst that drags the recession out of its hidding place.  Imagine that.. the thing we desire the most ($80 to $100) oil prices will be ...more  
Baytex Energy Corp