RE:RE:RE:Well hope management crank the buybacks Baytex bought back about 4.26M shares in April and about 6M shares in May.
There are 814M shares outstanding at end of Q1.
At this point, it's basically a given that Q2 will end with under 800M shares.
If the share price stays low, they can easily continue to buy 6M+ shares per month. Thats about 0.75% per month or 9% annually.
They also continue to grow production and pay a dividend. They dividend payout actually decreases for every share they buyback too.
This is the perfect setup, keep the shares price between $4.50-5.50 and WTI $75-85 and wait.