Baytex Energy Corp T.BTE

Both CPI and Core CPI below consensus

[BayStreetWolfTO]

Following with the data out of Japan and China last night.

It will be an interesting day

Core CPI expected 6.1% actual 5.9%
CPI expected 8.7% actual 8.5%

[BayStreetWolfTO]

Oil jumped on the news. Will see how the markets react

[TheWokeLemming]

They'll figure out a narrative to talk oil down.   The US dollar should decline though, which will help us.  My opinion only.

[HighOctane89]

Last night I watched some of the Asian and European opens on CNBC , both district shows talked about energy for about 50% of the shows . The European show actually discussed the ridiculous attitude toward O&G particularily when it was governments that have forced the production slowdown . They went on to say it appeared that governments were sticking tax payers with the bill for government

[BayStreetWolfTO]

We still need time for the capex/supply story to play out. Early innings imo Just kicking the can down the road for now

[HighOctane89]

I agree with your assessment Wolf , we all know there is no magic production switch to get immediate results . Reminds me of an old TV ad , "you can pay me now or you can pay me (more) later"

[BayStreetWolfTO]

Also with that CPI print some will move to tech (which is beyond me).  I assumed the Nasdaq would be up today so some shifting. But again not a day to day or week to week for me. I continue to look to 2023 and for that I don't see much that has changed in the last few months.