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

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TSX:BTE - Post Discussion

Baytex Energy Corp > Big challenge bring down Inflation / Food Crisis adds to it

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Post by smallcaptdr on Aug 28, 2022 4:28pm

Big challenge bring down Inflation / Food Crisis adds to it

It's going to be extremely difficult and hard to bring Inflation down to 2% especially in Europe and the US with the rising Food Crisis sending the cost of food to record prices along with the inflated price of Oil, NG, and Fossil Fuels. The timing couldn't be worst for Oil producers wanting to cut production. While 99% of the posts on BTE are hype about the SP heading to the moon I stand alone making an argument why investors need to know the risk of paying higher SP. If I was bashing BTE I would be posting headlines like BTE heading down to $2 but I don't, I stay away from posting anything to do with the SP all I'm focusing on is letting everyone know the flip side of the argument and that the coming months could be very volatile. I have traded through 7 Market Crashes and have traded in 1000`s of companies and to say that I`m very cautious today about holding stocks is an understatement. Just play it safe, If you're up over 30 - 40% profit take some off the table there will be chances to buy in at lower prices, and always have a live Oil chart running while you trade! JMHO

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Euro Area Inflation
Euro Area Inflation Rate