Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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Baytex Energy Corp > Looking for an excuse

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Post by Retiredgeo on Oct 04, 2023 2:33pm

Looking for an excuse

Oil reserves are down, production is being cut, the SPR is at it's lowest level in decades and we are getting a sell off in oil!! Looks like the oil traders were looking for an excuse to sell. I'm not buying any of this!

Oil Prices Tumble As The EIA Reports A Significant Gasoline Build | OilPrice.com

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Comment by Moemoney42 on Oct 04, 2023 2:55pm

Yup just more noise to add to the daily dose of BS that we read these days.. all these quotes are from the same article... so now that there's a drop in price at the pump, all those that need to fill their tanks will take advantage of the lower price, and next week these gasoline demand numbers will be meaningless.. just like they are today.. but the market manipulators, shorters and ...more

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Comment by Retiredgeo on Oct 04, 2023 3:14pm

I'm interpreting the first headline as a typo. There was no "build". The important news which is missing is that the Cushing reserve only rose by a few hundred thousand barrells from it's very low level.

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Comment by Moemoney42 on Oct 04, 2023 3:55pm

LOL.. just listened to Vince Cignarella (sp?) say that earlier in the day there was a rumour of the Whitehouse and Saudi's "talking".. then he goes on to say about speculation of Saudi's maybe producing more... they already said today they're holding the line with the 1 million barrel cut/day until the end of the year.. what a bunch of BS headlines these talking heads muster ...more

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Comment by raven16 on Oct 04, 2023 4:03pm

I Believe It Was No Typo,You Got To Understand That The Hedge Funds Now Own The Financial Newspapers Like The Wallstreet Journal As One Example And Who Do You Think Was Shorting The Oil Market Today? Hedge Funds Which Use Every Dirty Trick In The Book,The Boys In New York Will Be Out Celebrating Tonight.

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Comment by VeritasVern on Oct 04, 2023 4:05pm

A decline of 2.2 million barrels and WTI oil declines by $4.50 and a whopping 5%? The stock market is up today so this is just too funked up??

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Comment by Cobalt on Oct 04, 2023 4:10pm

Nope its not , traders were all on the long side all them $100 oil calls, this always happens when all go one way now look at the usd all long hockey stick up or even yeilds guess what is going happen there?

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