All positive posters,
A tight range of daytime high and low. This is bad news for message board trolls. If this continues, a lot of good things can happen. The beta metric will trend lower, and it will be less appealing to flippers, and momentum traders. Shares are being bought back, while weekly volume is decreasing. Some of the more conservative institutions, may find this more to their liking. I see this as a positive, and hope it continues.
I have noticed there is a lot less positing of facts directly related to Baytex. What are you going to present, that has not already been covered? There is not much for PRs being put out, and Baytex is executing the plan as advertised, with better than anticipated results. It doesn’t get any better than that.
What will be difficult now is waiting for the next earnings reports to be released. End of Feb for Q4-Full Year, and May for Q1 2023. We know they are going to be good, a long time from now.
How about that oil draw today? Maybe US president Brandon will learn one day that rigging outcomes is a crime, and not a skill set. There is no long term replacement for actual work done, and real product being delivered. This requires thinking on a level corrupt politicians have trouble grasping. As far as Baytex is concerned, we are doing just that, doing our part for the better. If Baytex took over the US government, I am certain it would be much better than it is now! (I can hear you laughing, and thanks!)
What could really make things dire, and positive for oil demand, is the apparent instigation of war by many countries. While there is no valid reason for wars, the war mongers appear to be determined to cause more of them. There have been too many incidents recently to claim it is just conspiracy theory.
I like the protesting in China and Brazil. I like it when people push back on what is wrong. Rigged elections, and lock downs don’t work. This unrest can be either good or bad for demand, depending on how it plays out. Right now, it looks like Brazil is about to see demand drop, and China could cause demand to rise. I think China backs off soon. People have had all they can take there. Offsetting circumstances? Maybe.
My apologies for not having anything better to post. My time is really short these days.
This is one of the best boards I have ever been involved with. The aliases make it less enjoyable, and as informative as it can be, though they do add humor, when you see through them and their agenda!
I look forward to more boring share price information, as we head into year end. Boring is good in this manner. Baytex is doing well, and dedicated longs are sleeping well at night.
RS
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