Baytex Energy Corp T.BTE

So these Yahoos were wrong again

[masfortuna]

They had called for a build and instead we got a draw.  i think they are correct less than 50% of the time.  It would be fun if we actually could see how often they are right vs wrong.

[uwebb429]

It is easy to go back and see right vs wrong. https://m.ca.investing.com/economic-calendar/api-weekly-crude-stock-656/?catPage=history Most people with that kind of track record long term should be fired. The reality is that there is too much random variation in the weekly data. It is impossible to predict random events. Might as well roll some dice to come up with these API predictions. Maybe

[Marty47]

Y'a well we have been laughing at them for a long time , I think they use monkeys in a labs to guess their numbers .... these folks are useless but it generate news and the puppet master democrates pull the strings lol , but also to be fair for them not many people can really predict unless you get good inside contacts in oil sectors , even when the results come out the market goes opposite

[Kelvin]

Also they don't talk about Venezuela which is gradually coming online again. Chevron just announced that they have begun mobilizing 4 latest generation, high tech drilling rigs to drill 17 ultradeep wells  in order to boost production by 90,000 bbl/day by EOY 2025. Eni, Repsol, Total, Reliance of India, CNOOC of China etc all have projects in the works. Smaller operators like New Stratus

[jleer42]

Interesting. I thought the US was reimposing sanctions because Muduro - surprise - didn't live up to the free election promise. Maybe he gets a break because he was sidetracked with planning to invade Guyena.

[Marty47]

General License 44 broadly authorised oil and gas transactions with Venezuela’s state-owned oil company PDVSA. It was introduced by the US after the government agreed to reforms that would bring more competitive elections with international observers. The reimposition of sanctions means that Venezuela’s fuel sales are expected to take a major hit, while US oil companies operating in Venezuela

[Kelvin]

The US reimposed sanctions this past April 18th but ceded a special license to Chevron and another operator from Trinidad and Tobego (T&T) for a gas play in the Golfo de Paria between Venezuela and T&T. More special lucenses or waivers arw in the works. Few believe that Biden really wants to continue the sanctions imposed by Trump in 2019. I guess that Joe needs to look tough or something.

[mugs19]

"Interesting. I thought the US was reimposing sanctions because Muduro - surprise - didn't live up to the free election promise." American Government concerned about free elections - that's hilarious!!! Good one. mugs

[Swackaboozy]

The pedophile in chief lifted sanctions only to drive down oil price knowing dictator Maduro would never hold free elections,same as giving billions to Iran similar dictator run regime.

[Marty47]

Well that's what we call democrats in USA , they want to look like the mother Theresa and Gandhi of politics but in reality they don't care people get slaughter in gaza or else if more people need to die to keep oil low and get re-elected than so be it , oh and their eco agenda it's all smoke .... they want kill big oils but when oil is up they ask pumping more lol , pure bs , and not