RE:Worth the look...What is interesting with those chart, is that we see most of the US producers reach a higher multiple way over 4X.
Look a the chart at 70$WTI, lots of the us producers are on the right side of the 1st graph with multiple easily over 5X.
Josh Young said a year ago in it's interview with Barron's, that's Baytex was well position with it's Eagle Ford production, to increase it's multiple.
Now, if we add Ranger Oil at actual Baytex, i think we have good chance to see a real leverage of the share price... If the deal is written.
Hope to see WTI over 80$ before end of Q2 2023 !!
Please do your DD, it's your money !
Gl Longs !