To all Nervous Nellies and Worry WartsI bought this in 2020 nd early 2021 when this was under a dollar and kept purchasing.
oil cycles last atleast 3-7 yrs . Last one was 2009-2014 and Baytex rose from 12 buck to 40-50 ,bucks as the market realized its potential . A 2x-3x gain
Similarly this will rise to 12- 20$ by mid of this oil cycle and hang there for a few years ,as they shed debt and buyback stock.
This is not the time to sell but to buy more and wait for Q2 results .
Atleast I am buying now as those who bought for a post result popo are selling in loss .