BTE- MAY 13 2021
BTE May 13th 2021, closing price $1.72, May 13th 2022, $6.22, that's $4.40 gain per share in 12 months. It can have one guessing, should I have bought CJ, NVA, CR, BIR instead. BTE like WCP seem to put one to sleep, it's like watching paint dry. When you look at the numbers, BTE has done very well but time is ticking, Baytex's management acts like energy prices will be high forever so what's the hurry. These buybacks and no dividend along with 41% hedging is hurting the stock. There must be a better way to get the float down. Perhaps an asset sale to reduce the debt like the Texas holdings. Eliminating the debt, consentrate on Clearwater lands. The more production doesn't mean a higher SP, look at Cardinal energy, 20,000 bpd, the stock jumps over $1.00 today, trading over $8.00, BTE is just over $6.00 with $110.00 oil. The diehards on this board won't accept the truth that this company is being run by a bunch of clowns that don't care about the SP to the point that they, the insiders don't even buy their shares. Personally I think Baytex wants the stock to drop, just like some here on this board that have stated this many times, it's better for the company to pay less is what they said. They 100% will not buy back 56 million shares in the next 12 months, it's a smoke screen, why would they do that when the insiders won't even buy the stock.