red2000 wrote: When all the factors are favorables : So 3$ + before end of Q3 sound very realistic !
1) WTI almost $ 72 with more stability for $ 70 !
2) The Clearwater project is way beyond expectations !
3) Cover price for 3-way options at $ 68 for 42% of production in 2022 !
4) Natural gas over $ 5 and still on the rise !
5) The demand for oil remains positive !
6) Under the 5 year plan, BAY could easily generate over $ 3 billion in FCF, which means 600M$ for 2022 after capital expenditures paid.
7) With that long term debt under 1B$ for Q1 2022 !
8) Massive Buy back shares program have to start now ! To save another 25M$ to 50M$ per year !
9) Dividend for 2022 sound a formality !
10) All that with an avg. production of only 81,000 boe/d this may increase over 90,000 boe/d for 2022, so had another 15% of FCF !!!
Please do your DD it's your money !