Baytex Energy Corp T.BTE

EIA raises crude oil price outlook

[Tradinghands]

EIA now predicts Brent to average $87 so that would push WTI over $90 so HOLD or BUY BTE shares because BTE will Trump all other oil plays because higher oil will increase cashflow and debt reduction while increasing production with higher prices I predict but with conflicting news today with OPEC higher output at some point a solid floor will be built for WTI one would hope!

[gareez47]

You got that Bass Ackwards friend. Brent trades higher than West Texas Intermediate so you may want to revisit your post. Having said that Baytex is pumping Loisiana Light in their Texas fields with low pipeline costs toget it to market. LL trades at a premium to WTI so that is a plus for BTE

[Marty47]

Just remeber wti is the little brother of Brent , always smaller ....at least for now also remember EIA they NEVER hit their projection on oil , their motive is for the transition will accelerate faster thus they always underestimating oil production , so if they predict Brent average 87$ then it will probably 93$, they are just pure non reliability , like a ev road trip at -30 ....bring some