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 > Global Inflation

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Post by smallcaptdr on Nov 30, 2022 12:21pm

Global Inflation

Shouldn't take long to hit 2% maybe in 2024 when the FED is looking to be close and the rest of the world's Central Banks will keep increasing Interest Rates till they get closer to 2% so 2023 recession will come with a vengeance kicking Oil down to $65 so enjoy every bump higher with Oil because it could be the last. Everyone that predicted that Oil could hit $85 today is getting a taste of reality.

US

United States Inflation Rate

Canada

Canada Inflation Rate

Germany
Germany Inflation Rate

China

Russia
Russia Inflation Rate

Italy

Euro Area

Euro Area Inflation Rate

France
France Inflation Rate

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Comment by ABCorp on Nov 30, 2022 1:25pm

Inflation is going to come down drastically in Q1 regardless of rate hikes. Huge difference in Transportation cost for all products coming via containers from overseas and there is a lot of containers coming from overseas. Jan 2022 we were paying $20k USD for containers from China. Right now, paying $3800 USD for same container. Massive difference on retail prices now that the supply chain ...more

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Baytex Energy Corp