Baytex Energy Corp T.BTE

Odds and ends...

[masfortuna]

# 1 No the US has not bought any oil  in order to replenish SPR.  They want a sustained $70 price before they wuld be inclined to start buying.

#2 April Baytex update out.  Nothing we don't a;ready know.  No surprises are good surprises insofar as I am concerned.

#3 Acquisition will look much better with oil in the $80s :)

#4 We are about 15% off the 200 day moving average for the sp. This should hit that average over the next few weeks.

#5 What happened to all the "I told you" folks from last week??? Make your own decisions at least you only have yourself to blame.  Those extra 10 000 shares I bought when everybody and their grandmother were aying 'sell" are looking pretty good right about now!

[JohnnyDoe]

I agree on all these points Mas and also picked up another chunk of shares myself.  I'll add to your SPR point. I think the Biden administration won't be so quick to release any further oil from the reserve so we're less likely to see artificial attempts to lower the price.  Cheers 

[masfortuna]

I would agree to that except that they still have 26 million barrels that had been approved by the Obama administration that they can release 9 about 1 month's worth at 1 million a day). My take is that this administration won't buy anything until AFTER the next election and only IF THEY WIN. *** News out of China points to a slowing economy which will offset these 1.6 million barrels. i