Post by
Realdude on Aug 16, 2023 5:25pm
Oil and Share price
I've explained on this board that oil will go down with a floor of $75 because China is slowing down-- severely. There is no manipulation by any one entity. Now on to stock prices. They will correct roughly 10% and then investors will realize that oil sustained at $75 a barrel will be just fine for companies like baytex. That positive sentiment will be tailwind that will be realized in the first half of 2024. So sit back and relax if the above ranges stay in contact. If not reassess your portfolio. Cheers pumper trannies. Long baytex and whitecap