Baytex Energy Corp T.BTE

Wonder ?

[Frank007]

Just how long lack of investment in the industry catches up with supply ? ....from what I can see no one is putting mush into this industry now ...but they sure can drive down the value of a barrel of oil ...!

[liljohnnyjoke]

Internationally they are but as you know all the big multinationals pulled out of Canada years ago because it was like pulling teeth to get anything done and take decades to make a decision. Equinor has the Bay du Nord project east coast which they put on hiatus for 3 more years. But elsewhere companies like ExxonMobil are going all in Guyana etc

[Frank007]

Guyana is a drop in the supply bucket.   Right now 600 thou next year maxed out at 1,2 milion.  Into daily use of 102,000,000 and growing ..not sure just where any more is going to come from....some witching ten years offshore Namibia ....but nowhere else seems to be able to add any .,!

[ztransforms173]

- also, XOM is going ALL IN in NIGERIA - PLANNING to INVEST about USD 10 BILLION z173

[downwithdotcom1]

confirmation of "i told you so"...as said before, its those criminal shotcallers at work...supply/demand fundamentals are not setting the price right now...see below "Hedge funds sold ie shorted U.S. energy company stocks at the fastest pace in five years and the sector was the most sold on Goldman Sachs’ prime brokerage trading desk last week, the bank said in a note sent to