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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 > What Oil needs to be bullish
View:
Post by smallcaptdr on Dec 15, 2022 6:47pm

What Oil needs to be bullish

These are the requirements for Oil to be bullish.

(1)  A bullish global economy.   Nope
(2)  China and US economies expanding    Nope
(3)  Shortage of supply    Nope
(4)  Low-interest rates make money cheap    Nope
(5)  Oil inventories with huge draw   Nope
(6)  Gasoline inventories are always on fumes    Nope
(7)  Shortage of Oil rigs exploration      Nope
(8)  Everything else.    Nope
Comment by ABCorp on Dec 15, 2022 7:29pm
Do I agree with you? Nope Last few weeks of December will likely be down or flat but, January-May 2023 will be a different story.  You change your mind 16 times a day.... I would not be taking any advise from you.... I paid 58 cents a share and feel pretty good about my investment over the next 2 years.... hmmm, who knows more, Warren Buffet who invested 10s of billions in oil this year ...more