Baytex Energy Corp T.BTE

Fed Chair on CNBC

[TheWokeLemming]

Maintained the "Fed will continue using rates to tame inflation" mantra.  WTI has responded accordingly, now falling under $73.   He also said signs point to things shifting but oil traders could care less in this moment.  Interestingly, France just reporter that inflation fell under 7% (6.7%) for December.

[Snowballer]

Yes it makes sense that the Fed is trying to tell the market tightening is here to stay for a bit as the market keeps doubting the Fed.  There will be great opportunity in energy stocks this year I think but I suspect we see that opportunity in moving lower from here. Once the Fed pivots or we bottom in a recession it could be an epic time to go long oil stocks. Just a bit more time I think