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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

TSX:BTE - Post Discussion

Baytex Energy Corp > It is going to be misery for the next six months
View:
Post by Nothingmatters on Nov 08, 2023 10:18am

It is going to be misery for the next six months

Recession is here. They will drop oil to 40 or 50 before they will start cutting rates by june...I am on the sidelines. For me it is too risky...
Comment by Cobalt on Nov 08, 2023 10:27am
I'm the recession boy, it is not here yet (US) Canada who cares could be very soon No 30 year mortgage to save them like the US, Canadians will be rolling up and crush them also CAD is sitting on a cliff next stop 68?. But US keeps getting pushed back and back.
Comment by dllscwbysfn on Nov 08, 2023 11:01am
I wonder if the dems could hold back the recession until the election?
Comment by Cobalt on Nov 08, 2023 11:05am
They pretty much have to for any chance to win.
Comment by masfortuna on Nov 08, 2023 12:10pm
Hey Coby just wondering... When you were hlding BTE 2 weeks ago was the CDN dollar much higher than today? Did we have 30 year mortages in Canada 2 weeks ago? Was there talk of a recession possibly?  The reasons you are giving today to sell BTE were exactly the same 2 weeks ago when you bought  it. AND btw whatever happened to all the "chart reading rhetoric" from last year ...more  
Comment by Cobalt on Nov 08, 2023 12:24pm
no,no,yes, If you take my comments as a sell that is on you, personally i think it is too late now short term, News trumps charts so no not just charts. Dont know where you got i bought 2 weeks ago.
Comment by liljohnnyjoke on Nov 08, 2023 11:14am
I am sure they will want to say that Bidenomics kept oil/gasoline prices down. And take credit for brokering peace in the middle east after all Palestinians are dead.
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