Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

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TSX:BTE - Post Discussion

Baytex Energy Corp > short stack

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Post by HighOctane89 on Jan 10, 2023 11:42am

short stack

We could beat this arguement to a pulp going back and forth (which I have no interest in) , so ......

While Russia needs every ruble it can get in its account just to keep the war going and Biden wants to crush NA O&G , every producer wants a higher price . Two years ago Saudi Arabia flooded the market in a dispute with Russia that drove prices negative , don't think for a minute they won't cut another million barrels (short term) to support price . Nobody likes Biden in the Gulf , he has no friends other than Canada's simpleton PM .

The oil market is nearing a "come to Jesus" moment when the under investment collides with unwavering demand . The sidelines are getting awfully crowded , we'll just have to see what gets them back into the market .

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