Baytex Energy Corp T.BTE

Oil down again

[1234bmth]

Looks like yesterday was an opportunity to sell oil stocks, WTI is heading to $65.

[liljohnnyjoke]

THEY will take wti down to $65 prior to the Big War action starting at 4:01pm Friday after the markets close, wti north of $80 come Monday, maybe even $100 if Nettanyahoo starts pressing the red launch button, that will make the world a much better place for all of us to live for a short while longer

[Kelvin]

And if the Iranian proxy force which are the Houthis shut down the Suez Canal and/or Iran shuts down rhe Straits of Hormuz how do you game it out? We have a big hit on hydrocarbon supply. But on the other side of the supply-demand equation we get a global financial crisis that decimates demand as everybody goes broke.  So you're basing your probability calcs on various outcimes or

[Kelvin]

And it's precisely that uncertainty that's driving stocks lower. 

[riski]

Don't leave it too long 1234. This has been a glorious opportunity to add with all inventory, geopolitics, and demand pointing North while greater forces suppress the price for the purpose of the US election. It's a rare opportunity where retail actually has information that the market is not coming close to taking into account.  You made a great trade last November/December when you