Baytex Energy Corp T.BTE

API crude oil report

[HighOctane89]

The API reports a build of 1.0M barrels without accounting for the 6.9M barrels released last week from the SPR . By my math , thats another draw of 5.9M barrels against the true supply/demand , NOT A BUILD !!!!!!   A lesson that will be a shocker for the paper market and consumers come November .

I'm sure much will be made of the headline while the real facts are glossed over or totally ignored . So go on , keep kicking the can down the road , this was always a 2023 story for me . I have the time to watch this bus load of fools skid on black ice and plunge into the ravine . I'll be the guy yelling "I TOLD YOU THIS WOULD HAPPEN" , lol .

[jleer42]

I expect SPR release will get picked up as a mid-term election issue, both decreasing energy security and the political motivations. Possibly this will result in a perception change and upward price pressures, at least prevent WTI from be "talked down".

[Canukiwi]

HO, I also am amazed that the media continues to use the word build. I reported recently that McNight on Bnn stated that the SPR figures were a corruption of the WTI inventory data. Difficult to believe that amongst all the supposed "analysts", no one has the guts to report the truth. You are right, the truth is coming!

[HighOctane89]

Who are you calling a "HO" ? Lol , just kidding canukiwi ...... HO , Octo , it matters not . While the media acts like a jilted ex-wife when it comes to being honest regarding the energy situation , the part nobody seems to appreciate is eventually the truth will come out . Jawboning does not manufacture added supply or refine those phantom barrels , when the "OUT OF GAS"

[marketsense]

Octane,  you're singing my tune and many others besides.  There are a lot of folks who agree 100% on what is going on.  I suspect most are like ourselves and are market orientated investor types who have worked hard for a living and would like to use their savings to enhance their living standards. I can't live off the paltry couple of percent interest rates the banks offer

[HighOctane89]

Thanks for acknowledging my message marketsense , I know I am not alone in either my disgust with our government or concerns for our energy security . I spent over 30 years doing my part to keep Canada mobile working from pump-jacks to refineries and to see people treat this industry like a Vietnam vet makes me sick to my stomach . This country has pissed away every advantage we ever had and it

[masfortuna]

Here is another graph Octo. Fyi I know that humans are affecting the planet as 8 billion people should but:

[HighOctane89]

Again with the charts , your killing me mas . 8 billion people was never budgeted for in the original estimates ......... but seriously , I get your point although I have to ask , if CO2 is the problem , why is there so little interest or reward for carbon capture ? Natural Gas fertilizer plants are some of the largest CO2 producers but I don't know of one with any carbon capture . There is

[masfortuna]

LOL Octo! Look at the chart  Octo! Co2 levels have peaked and bottomed over the las 400 000 years.  it's a pattern. And Co2 affecting the climate is a "thesis".  The jury is still out on this one.

[HighOctane89]

I hear you and I see the pattern mas , I wasn't sure where you were going with the chart but the spike at the end is what so many are screaming about (80 extra parts per million) and that was what I was addressing . Earth has always had a dynamic climate with constantly shifting weather patterns but like the CO2 graph , those patterns take thousands of years to cycle . Climate alarmist only

[GoodLife60]

100% Correct Mas, Co2 level are way below the level needed for Optimum plant growth. That's why major scale green houses add Co2 with generators to boost their crops. Co2 Just isn't great for humans. lol The world itself however is doing just fine.

[dandu1924]

You are right  HighOctane, this planet has been in movement all the time since the beginning and nobody  ex: the greenies, Trudope, Biden, and others fake climatic saver  did talk about that and  they dont say the nature is the nature and the nature is stronger  than the  humans, in other words, the humans can not control the nature.

[Moemoney42]