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Compiling comments that experts make about stocks while on public TV.

2017-08-11

Opinion for Baytex Energy Corp (BTE-T)

Signal Price Bias Subject Owned
HOLD $3.310 CAUTIOUS CANADIAN & ETF's Yes

There is a lot of misinformation on oil investment. People think oil fields continue to pump oil regardless. This is a diminishing resource, so if you don’t spend the money up front for exploration and well development, production declines. Inventories in the US are declining, and the money hasn’t been spent upfront. Often, it’s 1 or 2 years of money spent to develop the necessary resources, and it actually returns as production. We may be facing a situation where we are more short of oil than we think.

David Cockfield
Managing Director, Northland Wealth Management

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