Baytex Energy Corp T.BTE

More pain to come

[smallcaptdr]

The cost of living will become unbearable for most households in the coming months now that the FED has been raising interest rates costing households to be paying more on all debts like mortgages, credit cards, lines of credit or car loans even student loans than you're paying more on everything thanks to inflation and if that's not taking all your money then you'll be paying more for electricity and natural gas keeping your house at the right temperature or just to keep the lights on so people will be living house poor and spending will slow to a crawl so now that this scenario is happening let's raise the price of Oil so that it will cost you more at the pumps and higher desiel cost are added to the product being shipped keeping inflation high and with all this added cost happening as we head into a recession which will see job losses especially when the housing market starts to crash but we'll see job losses happen across the board as manufacturing gets hit and this is why pushing the price of Oil higher is going to play out as a big mistake that will speed up deterioration of the economy. But...higher Oil sure helps trading Oil stocks. 

U.S. Energy Bills See Largest Rise In Decades—More Pain To Come | OilPrice.com

[Moemoney42]

Yup just more fearmongering BS.. one minute you're saying BTE is a good buy and the next you're preaching the end of the economy, and calling oil price targets over a day or two.. forgetting most here have long term goals.. not daily fluctuations.. LOL.. and you wonder why no one believes anything you post.. posting false data like short term rig counts, when historically the count is down

[marketsense]

Wrong.  That narrative is what the Western gov'ts want you to believe but its total BS. Raising rates at a time when there is a chronic Undersupply of oil and other goods in the supply chain because of the pandemic and the anti fossil fuel policies embraced and pursued by the self same gov'ts is the real reason behind any recession that s going to happen.  Attacking the

[marketsense]

Just to emphasize my previous post.  Doubling down on previous mistakes by Western gov'ts by fighting inflation with interest rates is only adding to the mistake. If you want to bring energy prices down in as painless way as possible,  incentivize the industry by encouraging production just like they incentivized renewables or any other program to achieve certain goals or

[Re1ndeer2]

Dog Training 101.......that sums it up, brilliant..