Baytex Energy Corp T.BTE

Seriously ......

[HighOctane89]

All joking aside , lets take a good look at the pro's and con's of this debate . Since we have already been "exposed" to the negative , let's look at the pro's .

1 - there is no denying that the supply/demand figures continue to show a tight supply and resilient demand 

2 - drilling has plateaued and even cut back from recent highs .

3 - the WTI contract presently being traded is the Nov contract , SPR ends in Nov which will expose the US supply shortage 

4 - the US sanctioned another 9 companies for facilitating the sale of Iranian oil and refined products , I guess Joe was angry that Iran made him look stupid for thinking religious fanatics would consider anything other than "death to the infidel" .

5 - OPEC+ has no interest in saving Joe's a$$

6 - oil and gas are NEEDED , not optional and we are seeing the hazards of not being energy secure .

This is just a few things off the top of my head and while I appreciate some peoples fear , my best advice is to do what works for you . If you aren't comfortable being in the game , take a break , sell out and ride the pine until you get your nerve back . I guess you could ask Mike McGloom if he wants to be your pen-pal

[Greenday]

@HO89 - Currie's contention is that the pullback in oil prices is not related to the equilibrium price of oil but is instead a reaction to the strong USD brought on by US interest rates rising at a faster rate than interest rate hikes made in other countries.  The interest rate disparity between the USD and other currencies creates more demand for the USD and pushes up it value comapred

[marketsense]

Yes, the strong US$ does have an effect on commodity pricing.  however there  are a couple of headwinds appearing which eventually will force force the Feds hand. 1.  The US will eventually fall into a deep recession characterized by a number       of serious issues.  High unemployment,  negative balance of payments, high      levels of

[JohnnyDoe]

so much talk about recessions. What high unemployment are you talking about? Unemployment rates in North America are very low.