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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 > Fed Day Tomorrow!!! Big swings could take place
View:
Post by Snowballer on Nov 01, 2022 4:37pm

Fed Day Tomorrow!!! Big swings could take place

across the board!  Look out for U stocks to drop potentially - risk off mood??? Would be hilarious if Oil tanked.  Hopefully not but everyone expecting .75 points.  Would be funny it they did a whole 1% lol think of the drop in equities.  Fund to dream.
Comment by Greenday on Nov 01, 2022 6:33pm
@ Snowballer - No please don't say that U stocks are going to drop tommorrow!  I have a position in many of them and baby needs new shoes.  But if you want an investment that's manipulated then it's the one for you.  More than 11 years after the Fukushima accident and traders still churn uranium contracts back and forth to each other for less than the cost of producing ...more  
Comment by Snowballer on Nov 01, 2022 6:41pm
I'm not saying either way! Could rocket if its risk on tomorrow or U stocks could break out for their own sake!  I already took my profit and am hoping they roll over... technicals appear to favor a drop but as we all know that could mean nothing at all. GL love the u sector.   Like oil, very bullish fundamentals. 
Comment by masfortuna on Nov 01, 2022 8:25pm
If they did it would a d be ok by me. Rip that band aid off. Heck go for a full 2% and call it a day.  I have a few companies I want to buy and that would make it a real buying opportunity. And I don't think oil will be hit as hard asthe general economy. If anything, oil has turned out to be a defensive play so far this year.