Baytex Energy Corp T.BTE

Beijing, funeral homes and crematoriums are struggling

[smallcaptdr]

There's no way that China will be a driving force for Oil demand anytime soon with Funeral Homes and Crematoriums having a hard time keeping up with the deaths from COVID and its spreading faster since they relaxed COVID requirements, It was obvious that this was coming after China said that they will withhold COVID records from us releasing only what they approve. The day that China said that they were going to cut down quarantine times from 7 days to 3 days I posted multiple times that this would happen and here we are. So if your investment strategies are on condition that China will return to its glory then I would suggest thinking twice. China was the main bullish driver for Oil so unless there are other developments overseas that will be bullish for Oil like Russia's Oil pipeline getting sabotaged being one then Oil will have to trade off recession fears as countries manufacturing numbers start to dwindle, I like how they say "recession fears" it should be "recession facts". I was the first one to post back when the "First" case of Coronavirus Omicron Variant was found and 2 days later it was published everywhere driving Oil lower. That was proof that DD all the time pays off and prepares you for things to come. I would like Oil to rally because then we're all making money but we'll see tomorrow what we are dealing with and as we head toward the holiday investors most likely will be on the sidelines till Jan when we'll get a better idea of what will be driving Oil in 2023. Every month since June there's still an analyst who predicts that Oil will be at $100 so we'll see in the 7th month since the June sell-off if Oil has legs but trading in the $70+ the analyst should start out modestly saying that Oil could hit $90 before suggesting that Oil will jump $30 but right now $80+ would be bullish.


In COVID-hit Beijing, funeral homes with sick workers struggle to keep up | The Japan Times

[GambinoB]

Sad but true small fry guy Creamation is a massive energy process Geez you cant even spin a morbid post properly Lmfao Gas energy? According to small fry guy China is going to need it.