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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Shiites vs Sunni as Biden hints Oil can be target
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Post by kegman on Oct 03, 2024 10:41am

Shiites vs Sunni as Biden hints Oil can be target

If Iran reaches out and goes after any Sunni oil capability then the entire Sunni sect would have a great excuse to eliminate the Shiites as a power once and for all.  That is the excuse.  Reality is they gain more power and more market share eventually when the smoke clears.  Iran is functional as long as they use Israel as a nemesis.  That is being exposed now.  Gaza, Lebanon and Syria are all a mess because of Iranian domination.  Although one can argue that Assad did that to himself and is only propped up by Iran and Putin  now. Iraq is a sinkhole because of what has happened there.  What a mess.  The question is whether the Arab states join in on Iran proper attacks or just eliminate the naval threat to the straits.  The oil spike will only last as long as the straits are threatened.  THat is where the US has excuse to get involved as well.  Oil at $80 is best for all sides.  The swings cause stress.  East vs west?  Muslims vs non muslims?  Reality of current economic world vs dark ages thinking?  Next we twill be burning witches.  I just want my trip to Greece next spring to go off without a hitch.  Selfish but real.  GLTA
Comment by Stockhudson on Oct 03, 2024 1:03pm
USA better fill the SPR as soon as possible 
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