Baytex Energy Corp T.BTE

Great opportunity this week

[liljohnnyjoke]

Because there was no attack on Iran by IDF this last weekend THEY will drive WTI price back to @ $70 mid week, then it will climb back up to $76-77 on Friday in case the attack happens next weekend.
So buy Wednesday, sell Friday.

[1234bmth]

There will be no significant attack on Iran for while, now the oil market will be confused about giving a risk premium to oil price or not. 

[1234bmth]

IMO the market focus will be more on economic factors now and a small geopolitical risk premium will be adapted to the oil price. I may be wrong, but IMO WTI will be in the range of $72 to $78 for a while.

[Kelvin]

I agree. I project wcs to go to $80 - 85 USD per barrel during Q2 2025 from what I see in macro economc developments. That'll boost bte and other heavier oil producers. I see wcs higher in price than wti or Brent. TMX won't be able to handle the increased demand. 

[Realdude]

Cool insight Kelvin, hope you are right. That's why Baytex needs to sell some assets at a premium and lower that crazy debt.

[Kelvin]

Well I think that mideast tensions will only escalate. At some point, maybe even now, people are going to start hoarding oil and bid up the futures markets.  I've been reading about the Houthis. There are deep tensions between them and other Islamic sects, namely Sunni Muslims. But the analysis that I read said that the Houthis don't seem to have an organized poltical agenda aimed at