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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Baytex Energy Corp > Just like Sunday night Oil down $1 across the pond

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Post by smallcaptdr on Sep 12, 2022 9:40pm

Just like Sunday night Oil down $1 across the pond

I have a feeling that Oil could trade lower tomorrow but the markets will be watching US Inflation numbers which are out 8:30am so we'll have a good idea of where Oil will be trading by 9:30. There are a lot of headwinds that are stopping Oil from trading over $90 and the FED have stood their ground telling the markets that they're going to continue to be hammering Intrest rates higher, and then we have China with their problems and Europe with theirs and Russia the wildcard and BTE traded smart today it didn't get too far ahead of itself in SP so if Oil does trade lower we shouldn't lose too much value. JMHO

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