Baytex Energy Corp T.BTE

Opec plus..

[jmaan]

Oil market is tight so let's just hope opec and it's so call buddies don't  put more oil on the market coming in on there next meeting sometime in late September! But let's just say they did would that not off set Libya oil that they apparently took off the market? Eventually we will get back to real fundamentals!

[dandu1924]

BUT  EVERTHING  does not last long just  half day or if we are lucky  just one day and after that, still the same pattern, down and fall as a rock.

[JohnnyDoe]

There's an American election in 10 weeks. Low oil is good for incumbent governments. Imo everything and anything is in play to try to keep oil prices lower.  Is a Harris government good for Saudis? What might they be offered to bring production back on line. What about the Russians? What's in their interest?  Is Trump "I can solve the war in 24 hours in their interest

[riski]

I have been surprised at how well the price of oil has held up considering what is at stake for the US and the world. Much of the world would prefer a Harris victory and if that means low oil prices to get there, they will do their part.  I think this is the biggest thing that keeps Iran from retaliating against Israel/defending Palestine.  We should expect volatility heading into

[dllscwbysfn]

You say " much of the world would prefer a Harris victory". I am at odds with this statement. If the media were neutral the dems(liberals) would be the last party most people would vote for. While many including myself do not like the leader of the other party (Trump) I would still much prefer the politics of that party (conservative).  The rest of your statement I 100% agree with.

[riski]

I think I didn't communicate what I meant very well. This goes beyond conservative/liberal ideology. For many countries, this is about defending oppressed/terrorized nations (Ukraine, Israel), defending their economies from oil sanctions and tariffs (Iran, China), and defending the world from the chaos of a perceived regressive, bigoted leader running the most powerful country in the world

[Moemoney42]

As this is an O&G BB, I'd like to remind everyone that under t-Rumps tenure the O&G sector crashed and a number of companies went bankrupt.. although I'm not a democrat by nature, I've never made as much money in this sector as I have in the last 4 years..! So I could care less about them in power south of the 49th, but here in Canada, I definately prefer conservative policies.

[robert41]

Interesting conversation I happen to agree with riskis comments except that dems bring lower oil prices they do nothing to loosen the restrictions like the republicans would the dems make it more difficult to drill baby drill which helps oil. They have run out of spr bullets. At the end of the day I don't think it will really matter who's in power as it's ultimately up to the ceos

[Marty47]

Harris will have poor power over oil , trump is kind of a lion compare to Harris as a nice kitty , she will have no influence in regime like the Saudi and the Middle East , she will have few allies to help oil to go down , she will be strong on abortion stuff and inside USA regulations but weak on the world stage and economic , don't kid yourself , the media pump her as they don't want

[riski]

Absolutely. If you are an O&G investor, the federal conservatives are far more favourable for your investments. If the polls stay as they are right now, I believe we will see some political bump in share price starting late spring next year. For US politics, I think your stance is the common one, but the data seems to run counter. The USA is at record oil production under Democratic power

[Moemoney42]

"Oil's drop during Trump's reign had everything to do with Opec/Russia and the pandemic." That was some of the catalysts.. but the rise of production in the shale plays in the US was the start of the need of OPEC to manage production.. and when they found Russia cheating the price war erupted.. which in the end was created by over production in the US "The republicans are

[Marty47]

Best outcome would be Harris win and Trudeau gone , this way the USA won't drill more under Harris but will import oil from Canada , pollievre will ease restriction in Canada and we will produce more here and can export to china ..... that will be the perfect scenario energy will get a nice boost under pollieve , people like Trudeau , Guilbeault and Singh just create division in Canada and

[riski]

Trudeau is a HUGE impediment to proper valuations in the CAD O&G sector. The Canadian election will have far more lasting influence on share prices than the American one.   

[woodsmen]

  Sorry.   But making money the last 4 years had absolutely nothing to do with the DEMS and that Fool Biden, and had all to do with COVID.   Everyone has made Gobs of money that put into Oil Stocks post COVID with more upside to go... It was simply that easy, any investor could literally throw Darts at Oily names on a board and make Bank.....

[Moemoney42]

"Sorry.   But making money the last 4 years had absolutely nothing to do with the DEMS and that Fool Biden," And who exactly said it was the "Dems and Biden" that was the catalyst..???

[woodsmen]

I'm not a democrat by nature, I've never made as much money in this sector as I have in the last 4 years..

[woodsmen]

Sorry just assumed you were insinuating it was the DEMS for your fortunes the last 4years.     When in reality it was not.... Thanks COVID!!!

[Marty47]

Well don't forget the help of opec , Russia war and the middle-east war ....all help bring oil higher and as conflict persist we will see some burst in oil pass 80$ ..... 

[woodsmen]

Yes at some point the Rigged Ca$ino of Oil Prices will rise.   $70 dollar oil is pretty pathetic given where we are just imagine IF..... There was No WARS There was No NEW TRANS MOUNTAIN There was No OPEC There was No AIR TRAFFIC DEMAND BREAKING RECORDS There was No IRANIAN PRESIDENT DEATH There was No HURRICANES There was No USA ELECTION There was No CONFLICT IN GENERAL There was No

[Moemoney42]

Well when we get to utopia I'll let you know.. :-/

[woodsmen]

Ha!!  Please do.  Cheers!!

[1condor]

Marty47...I do agree that conflicts are elevating oil prices at the current time...but demand is dwindling worldwide and demand be the bigger force to push the oil price down from here. I just sold all my BTE this week and currently hold no stocks in the sector.