Baytex Energy Corp T.BTE

US New York Empire State Manufacturing

[smallcaptdr]

No wonder Oil is in the $80+ again with numbers like this from NY Manufacturing you can't get any worst with the lowest readings since 2020 COVID times. Whoever said Oil looked bullish is selling bull. Plus the housing market has been in a steady decline and interest rates haven't even started to reflect their true potential for future hurt to the housing market. Gone for a week missing BS hype which falsely drove Oil higher but there's too many negative figures to support Oil over $90 or even for $85 Oil I can see Oil steadily declining back down towards $80. BTE has done great with last week's higher Oil but when Oil starts declining from last week's $95 down to $87 today there are serious issues $95 was just a blip and now reality has taken over so get strapped in because $80+ is here to stay, I can't help but laugh when you get Oil companies saying that Oil will be at $120 soon, ya if 5 Oil tankers sink to the bottom of the ocean. Sept will be a hard month on Oil prices and I'm sticking with $75 Oil by year's end, hell we just lost $8 in Oil price from Friday.
 
JMHO (always DD)



US Nahb Housing Market in decline


NY Manufacturing

[Noisemaker]

Speaking of BS here comes the noisemaker. It was China dummy with July data. If you think the drop in global oil prices was a reaction to New York data you're a fool lmao

[Noisemaker]

Also New York isnt even in the Top 5 when it comes to manufacturing. Total agenda. Good thing is you want to buy a dip lmao

[GambinoB]

What an idiot so many misleading statements