RE:BaytexThey won't be bought out until oil hits $70 and until they reduce their debt. But they are worth way more then $10 a share if you expect oil to be over $60/70
Although they e done a great job thus far navigating the oil crash they need to draw debt down at least ~300MM before anyone takes a serious look. This way they'll be in line with their peers
Youll see this trading at ~8 by March. Beyond that I can't be sure as it depends on OPECs continuation of their cut