Baytex Energy Corp T.BTE

What a predicament....

[smallcaptdr]

Not seeing Oil being very bullish unless Inflation hits 5.6% tomorrow at 8:30am because right now the toothpaste is out of the tube when it comes to banking fears and even the US saying that your money is safe won't keep people from wondering when the next bank will report concerns that would add fear back into the market as everyone would make withdraws and there's no worst situation to being in than having a run on the banks like the Great Depression which followed the market crash of 1929 so the US is not being looked at as being solid with Gold up $44 plus giving the banks assurance also opens the door for the FED to raise rates without further bank meltdown. Tomorrow could push this under $73 and stay there unless something changes while a lot of investors wait on the sidelines keeping the powder dry. No denying that Oil is in a serious downtrend questioning if the US can turn this around.

[taxman26]

you are too pessimistic. We have hit the limits of interest rates. maybe 25 bps for good measure. The system is breaking all the CBs know this. Biden and Warren are not going to let the Fed destroy the economy, not a chance in hell. The CBs will pause for the forseeable future. Nobody cares about inflation if the banking system collapses. Britain had a scare, US has had a scare, now. Pakistan

[taxman26]

As well, Canada has inflation but the CB has paused bcz they know there is too high a level of mortgages that need to roll over. People cant afford higher rates. Canada has chosen to wait out the current rate levels. Other CBs will now do the same. Inflation will subside with China reopen combined with less disposable income. Consumer staples (Oil) is a good investment. Gold is up as a store of

[Cobalt]

25 and done. Did we just spark a new bull? Gold 8% off its highs the biggest gold miners 75% off highs cheers