Baytex Energy Corp T.BTE

Fed projections

[red2000]

[GambinoB]

Still saying maybe not a recession. LOL. Oil back to near flat and Baytex green. Next fed November right at election time.

[red2000]

After reading all numbers, the FED want a soft landing, again over reaction in the market, today !!! As you see the FED knows, they can't drop the inflation to 2% in 1 year, that's why they write a column name ''Longer Run''. As you can see below, the avg. inflation rate so far for 2022 is 8,32%, it's only 1,28% higher of Dec. 2021 at 7,04%. Also interesting to see

[red2000]

Chart of the WTI price increase during the period of march to may 2021 Forget to cut and paste in the last post ! GL Longs !

[HighOctane89]

Its not oil thats the problem red , its the mentality of the market . Oil is everyone's favorite target even though the problems are so much deeper starting with political leadership . The hypocracy of ESG that villifies oil while turning a blind eye to environmental damage from lithium , cobalt or copper mining .  It is becoming clear , the message won't get through until the lights