Baytex Energy Corp T.BTE

Things to consider about energy stocks SP's

[smallcaptdr]

First China's lockdown is guaranteed to cut demand for Oil and that's a fact then you have Russia and Saudi Arabia selling Oil cheaper with Asia cutting back 50% on buying US Oil at higher prices on top of that we are entering a global contraction which will see demand softening all affecting the share prices of energy stocks and now that we are entering the final month in Q3 we have seen lower Oil price for the first 2 months averaging around $93 guestimate so if Sept Oil is trading in the $80+ or lower $90's all this will affect Q3 revenues which will come in lower than Q2 unless Oil starts to trade above $100 for the entire month so everyone will have to figure out what is a fair share price so that the share price doesn't run too far ahead leaving investors holding overvalued shares. JMHO

[GambinoB]

Yeah we got ur China, Russia, recession stuff the first hundred posts. Nothing new always the same blah blah blah. Talk about a broken record. Head shaker. As some have said these traders are arrogant pricks. They never accept some people actually hold longer than the 5 minute news cycle.

[Moemoney42]

BLAH, BLAH BLAH.. 

[GambinoB]

It is clear this guy got caught trading. No one works this hard in a short term trade. Can't fix stupid.

[ramblersrest]

Oil price has pulled back some but  SP strength in oil stocks will come from ;;;; lower priced  hedges timing out , SPR releases ending this fall , Europe switching to oil to replace Nat Gas , China will have to increase their GDP ,  revelations of demand greater than the cooked stats now being released .,  Russia sanctions effective 5 Dec 22 and 5 Feb 23 will be a shock, Iran

[ramblersrest]

P.S. The European war has actually been going on for several years but the last 6 months has just been an escalation ..Wars usually get larger as parties put more good into bad ...Canada is actually at war with Russia along with other NATO countries ...Russia is calling for partners to bolster their side ...An air war will soon be n the offing to challenge Russia control of the sky's ...A

[woodsmen]

Nice to see that you are still making friends Smallpecker!! Lol