RE:Baytex debt tracking 2022...based on $94 oil $5.60 gas
BSW, this is a great chart and positive for Baytex, regardless of WTI trading above $110 US, Baytex is not benifiting from these high prices because of their 41% of production being hedged resulting in multi million dollar losses. My question is, when do these large amount of hedges end. Its no secret that Baytex is involved with a NCIB buy back, this is another reason why this stock is being held down. BTE management wants to pay the least for their shares and for the foreseeable future. As a shareholder it's tough to see names like Cardinal, Birchcliff, MEG and others climbing much faster then BTE. I'm optimistic that sooner or later this stock will run but we need management to be more aggressive with news releases to promote their business with some positive updates. With current market conditions and production, Baytex should be minimum in the 7.50-$8.50 dollar range today. When do we see some pop in the SP, 3-6 months?