Baytex Energy Corp T.BTE

Biden term coming to an end is a catalyst

[riski]

With Joe Biden's term coming to an end, so will all the background policies to suppress the price of oil. Particularly obvious are Paid media articles, investment houses hammering WTI at open, Constant China recession narrative, and occasional announcements from the government to negatively affect the price.

 

All of this in the face of record oil consumption and world oil stores at historic Al lows. Implies oil price for the given conditions is mid 80s with upside risk.

 

Place your bets. 

[Cobalt]

You understand Trump wants to cut energy in 1/2 right? Will he, No but will he lower it?

[ManitobaCanuck]

He also wants to cut interest rates.

[liljohnnyjoke]

But when Trump takes out Iran oil will double, not go to half. Oil may more then double as if US takes out Iran, China will take Taiwan, Russia will hit Ukraine hard and take that.

[AvInvestor]

And tell me cobakt, how will he achieve this? Remember that it was under Obama's that that oil collapsed! In late 2019 and under Trump, oil was on it's way up. I think he'll be happy with $70-$75 oil, which is alright for Baytex 

[riski]

How is he going to do that? US shale is consolidating. Trump Can't tell these companies what to do and they won't do it at the risk of their own best interests. The Republicans won't manipulate like the Democrats have. That's one of the biggest catalysts. The end of the suppression policy.  Foreign policy is a another big catalyst under Trump, especially Iran. I think you