Baytex Energy Corp T.BTE

Feds...big bucket of cold water:

[spurwing2]

I think their acton will push us into a recession!

[HighOctane89]

That's the play , kill the economy rather than admit government policy has left us without sufficient energy availability . This economy has a ton of momentum so I expect it will continue chugging along for the immediate future .

[GambinoB]

The fed rate increase is just about getting all the money back that they pumped into the system Higher rates will drain the money back to fed wallets and when they get as much as possible they pivot

[HighOctane89]

If you are listening to the Powell news conference he just refered to how low unemployment is and how strong the labor market is . Lots of people driving to work and heating their homes . Certain demand is not negociable and will continue regardless of interest rates 

[Moemoney42]

Listening to Powell speak about continuing to focus on bringing down inflation.. so here's some back of the napkin calculations..  Lets say your house hold requires $2000/mo. to maintain (excluding food and energy as the feds do)  So $2000/mo. @ 6% current inflation is an extra $120/mo. which yearly would equate = $1440.00 Now if you have a $200,000 mortgage and the rate for it

[HighOctane89]

It's just too easy to blame oil rather than admit you are forcing people out of their houses .  Again if you are listening to the Q&A , Powell is admitting that if job vacancies dropped it would signal softening without putting anyone out of work . All this fear and paranoia is just a smokescreen to camouflage squeezing liquidity out of the market . What will happen when fiction

[GambinoB]

As i said government taking back its money Not really impacting things as people still have lots of money to spend. Remember the governments gave billions to people Many still have lots left even if paying higher interest rates

[Moemoney42]

WHAT..?? You're joking right.. tell that to the millions of people who exist pay cheque to pay cheque.. and by the way.. I heat my home regardless of whether or not I'm in the office a few days a week.. its not an either / or as you just painted.. LOL.. 

[masfortuna]

 Yes but you don't need to own a house.  It's a want.  Food is a need. Or...wait a minute...isn't it now a need in Canada? Making housing more affordable is a primary concern. Nevermind.

[GambinoB]

Before hybrid work in office and home i would set my house thermo to 65 degrees. On the 3 days im work from home i have it at 73 People alternate in the office so the office is always open lights on and heating. So i guess while im not using gas on the days at home i am burning gas for heat or power for the AC unit All thess people working from home just using electricity and heat versus car

[HighOctane89]

The roads are packed and so are the mall parking lots , smalltime would have you believe everyone is at home curled up in blankets . Energy use is up and it will continue , people will complain but what is the alternative ? Government policy ensures domestic supply will remain constrained which will keep prices firm , its crazy but Fed policy and government policy are fighting each other .

[masfortuna]

A little reminder High that unemployment is based on the number of people looking for work but can't find any. We have a higher population base BUT less people willing to work.  And so, their is a labour shortage but not a people shortage. Besides why would anybod want to work with all the "hand-outs" now available ;)