RE:Back to $2.39Unlucky13 wrote: Oil.is getting turfed overnight again, back.to the $20 range again. Watch out below! As far as the 74 companies facing debt and bankruptcy issues, Goldman Sachs suggested any company with over 1 billion in debt was in trouble 2017 with at $30.; Only 9 months to go and Baytex fits the profile with 2 billion in debt and $30 oil. Looks like my $2 will come before $3.
BTE's debt obligations do not mature until 2021. It looks like they will breach their covenants within the coming months, but they have options to deal with that. I don't believe they will be bankrupt in 9 months. I believe they will survive and will be one of, if not, the best performing O&G sector stock over the next couple years. I don't disagree that you could see $2 before $3. I am expecting another dip but certainly not to 0.