Baytex Energy Corp T.BTE

Taking another position in BTE, When?

[jdmecomber]

I would like some input on when to possibly buy some more BTE.  My thoughts are maybe wait till we have a correction in the stock market in maybe a year or two? We re overdue for some downturn.  If we do have a bearish market, in a year or two.  I would think oil would come down to 50-60 and so would the share price.  

If oil stays within lets say $60-80, $80-100, BTE will slowly climb back up in 2022 I would think.

[DanielGerman]

The math is pretty easy here, and the BTE management has done it for you.  They plan to hit debt targets in four or five years (maybe sooner if the oil price is well behaved).  This company turns into a cash machine if that happens.  The payoff could be stellar, but there is an “if” in that sentence. Who can say what oil prices will do over a four year span?   This is a high

[BayStreetWolfTO]

Good evening Daniel, agreed the math is easy. That said you were talking about hitting debt targets in four or five years...you might want to listen again to Ed at the most recent call I assume you have not listened to the latest TD conference call with Ed https://www.veracast.com/webcasts/tds/energy2021/v286ji.cfm Ed states at 15 min 15 seconds "1 to 1.2 billion in debt levels on an