Post by
Tradinghands on Feb 15, 2024 2:29pm
Great day for BTE but,
BTE is having a great day but the markets are running on the hopes of 2% inflation so how can inflation be lower with high Oil prices because it the one thing responsible for higher food prices down to building materials plus Oil would have to be at $55 a barrel to make any difference. They will probably see that they might have to increase interest rates like they did in the 1980's to bring housing to food lower, higher Oil is great for BTE but this market rally might have the wind taken out of the sails at some point. This is a classic GREED market with major companies selling shares to capitalize off these highly inflated share prices or the current laying off of every major company is another troubling signal for the future and they know that they need to respond ahead of a major weakness.
Comment by
riski on Feb 15, 2024 2:37pm
Is there a thumbs down button?
Comment by
IainCaimbeul on Feb 15, 2024 3:02pm
Unfortunately there is no thumbs down button. His must use Kamala Harris' speech writer; complete word salad.
Comment by
dandu1924 on Feb 15, 2024 3:07pm
Same pattern again, when BTE is going up , the shorters are showing up with their brain salad surgery.
Comment by
dandu1924 on Feb 15, 2024 3:10pm
Sorry, to be clear my post was about the Trading......
Comment by
djknot on Feb 15, 2024 4:00pm
Good news...the Thumbs Down button is Also Known As Ignore This User!
Comment by
red2000 on Feb 15, 2024 5:43pm
We don't need one great day, we need weeks and months of increase and this is going to happen in 2024 to reach back to 6$+ !!! I anticipate a lot of good news for Baytex in 2024 !!! Do you ? May be it's the time, all of us (mid and long term shareholders) to complete our wishes list of Baytex achievement for 2024 ! I'll start a new post on it, before YER2023 coming feb. 28, 2024 !