Baytex Energy Corp T.BTE

Oil futures market is showing us some love...

[Nextlegup]

The Crude Oil curve is showing strength for the long dated deliveries...

Trading above$80 till Mar of 2024

https://www.marketwatch.com/investing/future/cl.1

RECENT CONTRACTS

	LAST	CHG	OPEN	HIGH	LOW	DATE/TIME
Crude Oil Oct 2023	$83.53	1.90	$81.70	$83.69	$81.48	Aug 31, 2023 2:33 p.m.
Crude Oil WTI (NYM $/bbl) Front Month	$83.53	1.90	$81.70	$83.69	$81.48	Aug 31, 2023 2:33 p.m.
Crude Oil Nov 2023	$82.87	1.75	$81.14	$83.02	$81.00	Aug 31, 2023 2:33 p.m.
Crude Oil Dec 2023	$82.17	1.60	$80.60	$82.31	$80.45	Aug 31, 2023 2:33 p.m.
Crude Oil Jan 2024	$81.49	1.47	$80.04	$81.63	$79.90	Aug 31, 2023 2:33 p.m.

[Kelvin]

This is very good info Nextlegup. So expectations are for prices to rise because Russia's and Saudi Arabia's interests are aligned when it comes to oil price because they both need the cash even though their interests diverge when it comes to Iran. But even Iran needs the cash. So maybe OPEC will continue the squeeze on supply. This, of course, is opposite to what Biden wants because he

[Nextlegup]

Kelvin The Oil market is unbelievably dynamic at this point with so many factors influencing supply and demand I think anyone would be naive to think that they can narrow it down to a couple of things...not to mention, what is real in this day and age...Honestly? Crude gettting shipped around internationally by Shadow ships from other countries turning off their tracking beacons? In my opinion,

[Kelvin]

Nextlegup, Yes beacons turned off. I live in Venezuela. Acute gasoline and diesel shortages. Today we get word from the national oil company PDVSA that a tanker loaded with 350,000 barrels of gasoline is due to arrive. The local media says that it's from Iran. The US has sanctions on both Venezuela and Iran. No ships carrying hydrocarbons are allowed to operate, with some exceptions like

[IainCaimbeul]

FYI, HQ Southern Command is located in Doral Florida. It has Forward Operating Locations (FOLs) in Curacao. ;) 

[Kelvin]

Yes you're right. Forward operating base in Curacao, not headquarters. I stand corrected. Anyway here's what's going on between Iran and Venezuela: https://dialogo-americas.com/articles/iran-and-venezuela-strengthen-ties-in-oil-industry/