RE:MEG and NVA rocking again!You so good at writing drivel.. It's pretty obvious by your constant negativity that you are short this stock.Commodities run in cycles crude oil is March to December.
Baytex like most Oil stocks has cut costs to lower their breakeven point and they also have hedged I believe 48% of output to reduce the downside risk so even if crude averages $55 this year they will still make money. Their breakeven is probably around $35 a barrel so anything higher is banked.
Their goal should be to reduce debt which should be possible as I believe the earliest debt repayment is in 2024.
Opec does not want a return to really low oil prices even though most countries that import would prefer it so they know that the world's economy is in recovery mode so I think they will play a wait and see approach but would not surprise me to see them raise output by half a million on April 1st.