Baytex Energy Corp T.BTE

MEH...

[masfortuna]

Oil is just holding at the moment. If we see a large draw tomorrow, we should see it advance BUT Powell speaking on Friday will put a hawkish undertone on the market as it has done literally on a weekly basis.  On a different note, NG is down today in spite of a possible strike in Aussie land and hurricane season so I added to my short. Gl!

[Sugaree]

You are short oil or BTE at the moment?

[masfortuna]

I am short NG NOT OIL Sugaree. I am long oil. I will add that September is usually a weak month for stocks in general and energy in particular and so I do expect some rough patches unless we get a positive catalyst. I do believe that the Q3 released in October will definitely draw attention to the ability of the new BTE to generate capital.  In the end, I am looking at other sectors and they

[riddler]

Catalyst in September could be OPEC maintaining or reducing oil output further. 

[Snowballer]

Cuts, overall, are bearish in the macro. 50/50 outcome really. 

[Nothingmatters]

Maintaining cuts would be nice in the hurricane season...oil would touch $90 before year end... Snowshoe and tbe wifey come out during red day.. 

[Sugaree]

Never mind, you are short NG.