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 > US Core Inflation

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Post by smallcaptdr on Oct 13, 2022 9:29am

US Core Inflation

The Fed will continue to raise Interest rates for some time until Inflation gets to 2% and this is another down day for Oil making this the 4th straight day for Oil to sell off.

US Inflation Rate
United States Inflation Rate

US Core Inflation
United States Core Inflation Rate

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Comment by Snowballer on Oct 13, 2022 9:41am

I think a 2% target is unlikely. They will perhaps settle for a new target of 3% to 4% as increased hikes beyond 4% & 5% will crush world markets/economy and inflation is/will continue to be sticky. I suspect they slow/stop late next year... maybe even walk it back momentarily in 2024 to spur the economy forward.

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Comment by Chrisinvan7 on Oct 13, 2022 1:13pm

Little chance the CPI is getting down to 3-4% anytime soon, monetary policy is still highly stimulative with real interest rates at negative 5%.. not to mention fiscal policy still highly stimulative with US federal budget deficits of 3T and growing.

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