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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

TSX:BTE - Post Discussion

Baytex Energy Corp > OPEC plus panel recommends 2 million barrel cut
View:
Post by widrig on Oct 05, 2022 9:10am

OPEC plus panel recommends 2 million barrel cut

Buckle up
Comment by red2000 on Oct 05, 2022 9:11am
Yop ! Tweet   See new Tweets   Conversation    ...more  
Comment by ceenalot on Oct 05, 2022 9:22am
IMO this puts a floor for WT at about $75.00 even in the event of a serious  downdraft (ie S&P 500 goes to 3200)  IMO it might  also get the generalist investor considering entering the energy market more aggressively to capitalize on the FCF yields during this upcoming probable recesssion , knowing that there is a floor under the market  will give them more confidence ...more  
Comment by woodsmen on Oct 05, 2022 9:24am
So now what can Joe and his cronies do to counter this if the 2M sticks?
Comment by raven16 on Oct 05, 2022 9:27am
My guess is Biden will increase the SPR release if OPEC cuts.Gotta love politics.
Comment by Hightowntrader on Oct 05, 2022 9:32am
Because he is dumb enough to think the SPR is infinate...
Comment by woodsmen on Oct 05, 2022 9:35am
Yup he will do something. Maybe he will pull out the Covid scare card again, China can't be forced on this all the time gotta be Joe's turn soon.
Comment by woodsmen on Oct 05, 2022 9:52am
Now there are OPEC talks of extending cooperation among the group.    
Comment by woodsmen on Oct 05, 2022 9:59am
2 million it is
Baytex Energy Corp
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