Baytex Energy Corp T.BTE

Big investors aim for their timing to enter into Oil!

[Paray99]

This is a joke to watch oil prices falling on zhitty US weakness news! Yet, the US dollar is strong and we pay really high at the pumps!
Everything is manipulated and this will break out any time from now. Then the oil will only stop above $100.

[1234bmth]

At current market situation, it may take months to get back to $80 if it ever does, $100 oil is not even worth to waste time talking about unless a miracle happens.

[Alphaseeker1973]

Oil will never recover to $100.  That was a once in a lifetime event driven by false expectations of the impact the Ukraine war would have on oil supply.   Reality has now set in that Russia is blowing past all production targets.  They are cheating on their OPEC+ compliance and flooding the market while Saudi attempts to maintain price stability.  Saudi's only way to

[thewarrior]

No, you are wrong. It is just politics at play. Energy is not your ideal stock play. Stay out of this sector and invest in money funds until dust settles. 

[masfortuna]

Or days like the last time...I am beginning to think that you can only see the negatives mate.

[red2000]

At such a low price, if it is maintained, here’s what I expect : 1) More and more small producers acquisitions (25,000 boe/d and less). 2) A significant reduction in capex for quarters 2 and 3 from OPEC+ and even from North American producers. 3) A drop in the US dollar. 4) A rise in Brent and WTI price. The question remains... how long will it take ? Only my O !