RE:RE:RE:4% away from being delistedBmclav wrote: Do you have an email or anything of proof? This is extremely good news if what you say is true. The 2 main worries with baytex for me was if a RS was coming and if they can refinance the 2021 debt. I'm confident in the oil industry eventually bouncing back but those 2 things cause me great concern. If you're correct then I have 100% full confidence baytex will recover to $3+ in 2020.
I think an important thing people forget is everything is cyclical - One day oil stocks will be loved again as much as they are hated today. Oil isn't going anywhere anytime soon hate it or love it. The economy has been in an oil bear market for a long long time now and will wait you and 99% of people out but at some point in time it will bounce back and we'll begin a new oil bull market like what's happened at every inflection point in the history of the oil market. Maybe it'll take another 2-3 years or 5 years nobody knows but at some point in time the oil industry will boom with sentiment and will be back in style - that is a fact. Everyone is so negative on the industry and people will keep piling on that's what people do it's the herd effect - oil market's a dead industry walking these days without a doubt. This however is exectly what it takes to see new direction and pattern change. (The oil narrative today actually reminds me of the US housing bubble and the Big Short - but the opposite. Where instead of sentiment in an industry being overly positive and ignoring little warning signs, sentiment is overly negative and ignoring little hints. Hints like shales eventual decline and demand being a largly undisrupted growth engine. ie People become complacent in the good times and ignorant in the bad until eventually the scale flips and the contrarians that timed it right make all the money - happens every time). Over the history of the stock market every industry past or present has faced bull and bear markets where everything seemed at one point in time euphoric and at another point in time apocalyptic. It's certainly obvious which end of the spectrum we're at but for how much longer should be the focus
Thanks for reading and GLTA
well said, todays impatient investor loses sight too soon...what did Warren Buffet say " The stock market is simply a machine that changes money from the hands of the impatient investor to the hands of the patient investor " The cycle will turn eventually but how long can the longs be solvent.