Facts are facts ................. anonymous internet experts continue to disparage the likes of Baytex CEO and CFO or bull case analysts the likes of Eric Nuttal whilst Baytex institutional ownership continues to ramp up post-merger as a result of a dynamic shift for the better on company fundamentals post-merger.
Notwithstanding hyper volatility in the market, the forward trend for Baytex will be an upward trajectory towards the high of a couple years ago and higher from there as share count and debt increasingly get tighter.
Quoting share prices from a year ago relative to todays share price are also facts and they fit the narrative of the internet experts for the time being, no doubt ........ but as supported by the graphic, institutions take advantage of volatility to secure value as much, if not more, than the NCIB machine and the daily penny traders which is all made possible by algo/sentiment driven volatility.
Q2 will be very good, Q3 gooder and Q4 goodest for FY24.
Thankyou to Baytex in advance for the $5,000 deposit into my account in a couple weeks whilst I patiently wait for the re-rate that inevitably will come.
