Post by
jmaan on Jan 03, 2025 7:50pm
baytex...
i am very happy seeing Baytex finally move but we all been here!
1. China is in a very bad position especilly with there realstate.
2.Saudis and Opec plus we don't know what they might do! as these countries really don't see eye to eye!
3.we have record low's on oil inventories in Cushing and oil still at low's $$$
4.Trump and Elon musk way to close! one say's he all oil other is electic! Elon's got Trumps ear!
5. Ukrain/ Russian war not effecting oil price!
6. Hamahs/ Isreal not effecting oil price!
7. Straight of Harmuz with the Hoties not effecting oil price!
8.we have now Venezla,Brazil,Guyana, even Pakastain new oil found! just these are killing oil going forward!
9. china flooding plant with there new electric car's.
someone's going to have to pull a rabbit out of the hat here to prop up oil long term!
But one positve thing is getting dumbo Trudea out sooner than later should help oil hopefully!
Comment by
HeavyBanana on Jan 03, 2025 8:03pm
You forgot it's been a milder winter so far so likely fires shutting in production this summer, lol. Clowns be clown'n tonight !