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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 > Projections 2024 for oil
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Post by Marty47 on Jan 01, 2024 7:00pm

Projections 2024 for oil

I think 2024 as I said before will stay 70-80$ few up swing due to geopolitical events 
I don't think usa production will grow it may actually reduce , just because I think they smart enough , 
For sure the Saudi won't flood the market as they have too much bills to pay and  they can't afford low oil for all the stuff they are building. 

Russia war will stop if trump is elected , in gaza based on what Netanyahu said , it may last another 6 months and maybe move to Lebanon or iran , they will make sure they eliminate any futur threats ! 


if the war escalate outside gaza oil will be in the 80-90$ range

Comment by dandu1924 on Jan 02, 2024 8:47am
Yes actualy the market react  with the geopolitical events, so just waiting until the red sea problem is on the control by the USA  and the oil price will going lower and  buy the oil stock and wait until the next summer is coming  and get 2X or 3X baggers.
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