RE:Another Clearwater well started drilling todayI think they drill way much more compare to others energy stocks !!!
Why...?? Because cash on hand no need to dilute shares or refinance here !
This is not the case with low, mid cap producers !
Don't be surprise if Baytex hit over 83,000 boe/d already before Q2 2022 !!!
It's 3,000 more unhedge at WCS around 100$ Cdn which is very conservative number ===
109,5M$ of revenues let's say 50% FCF because of netback under 4 months and unhedge ==
another 50M$ of FCF.
May be quickly 8,5M shares at 6$ !!!
Just dreaming, with eyes open ! :)