Baytex Energy Corp T.BTE

Oil is rewriting history

[Tradinghands]

Long-term outlook is for lower Oil prices but thats a decade away from now if EV's dominate the landscape. Oil has many tentacles shaping the value starting with the US economy to overseas tensions all in question so investors will hit the sell button when uncertainty is in the market but the following week could reverse the trend just as easy. Oil is liquid gold so buy on dips and until Oil goes below $65 and stays then at that point I would change the outlook until then $70 Oil is safe. Right now the FED has all eyes on the economy creating uncertainty with rates but tensions overseas stay intact. BTE money continues to flow out of the ground 24/7 so theres no doubts about generating cash.



The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut (msn.com)

The Fed Is Making the Same Mistake That Caused 1970s Stagflation - Business Insider

[Frank007]

Black gold is right ...increadable manipulation of the price per barrel !    The oil / gold ratio has historically ...been 15.7/1 ......look it up ....it's so far out of wack now by the crooked banksters trying to keep Trump out of the White House ,.. I could see Brent at$120 by middle of next year ...!

[AvInvestor]

For those who believe EV will replace ICE, where will the power come from? Grids are tapped out globally! 

[Frank007]

Not just lack of trans motion .linrs....only 40% of a barrel of even goes into transportation fuel.....ther east is petro cemicals for fertilizers ,...ban farming ..lol ..or the parts that go into e v,s ..lol ..what a manipulated crock of you know what ..lol