Baytex Energy Corp T.BTE

Oil price vs oil stocks

[1234bmth]

For the past 2 to 3 days oil stocks are not following oil price upward. It looks like the market is waiting for OPEC+ decision to chose its direction.

[twinjett]

I think a lot of investors don't trust that oil prices won't return very rapidly back to the 70's. With all the rapid oil price changes both up and down everyone is hesitant to buy. The amount of manipulation to keep oil low is unbelievable. We have had three weeks of large drops in crude supply but very little upward movement in oil stock prices. Just think if the same amounts had

[Cobalt]

It was also the only game in town now a source of funds, other sectors look better now. Took some oils off for to add in washed out sectors, cheers

[Cobalt]

Like gold names ripping on the turn in the USD top of the material index +12% today, copper names +100% last 6 months Oils flat 

[CoachAmI]

I can somewhat understand why some people are hesitant to buy, but why are others selling?  You would think that people vested in O&G know that the future looks great.  Why sell to low ballers?

[Cobalt]

I just told you why others are selling, other sectors that got washed out are looking better with the top in the USD , look at copper names 100% last 6 months , name i like the best has 170% to get back to highs , I got see that in Oils cheers