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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 > He can’t stop himself!
View:
Post by Canukiwi on Sep 08, 2022 6:32pm

He can’t stop himself!

Biden weighing further SPR releases after end of Oct.
Comment by HighOctane89 on Sep 08, 2022 6:49pm
By then the SPR will only have about 390 million barrels left , I would think congress or the senate would put a stop to that idea since Biden's political crisis doesn't qualify as a reason to drain the emergency reserve .
Comment by Canukiwi on Sep 08, 2022 7:15pm
Agree entirely HO and hope so. However, just the threat puts more downward pressure on oil. This President's trick box makes tricky dicky look like a Thespian Monk.
Comment by HighOctane89 on Sep 08, 2022 8:03pm
The one thing that will over-ride any Biden jawboning or media spin is the onset of winter and the colder/earlier it is , the better . The SPR has only postponed the inevitable and instead of trying to prepare ample supply for winter , the media has acted like cheerleaders as gasoline prices dropped ignoring dwindling inventory and steady demand .  While big money is sitting ...more  
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