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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > It does gets frustrating
View:
Post by Nothingmatters on Jan 24, 2022 2:03pm

It does gets frustrating

When your convictions are challenged everyday. I consider it one of the top stocks based purely on numbers..Moreover it is better to be a mid tier level oil producer (around 80000 b/d) with debt (rather than small under 40k) because of the torque and higher oil prices. Yet this stock falls more than other stocks and gains less. However, this company is going to shine jmho
Comment by BayStreetWolfTO on Jan 24, 2022 2:18pm
NM, if you don't mind me asking when is your projected hold date? Is it daily, weekly, 3 months, 6 months, 1 year, 18 months, longer? My convictions are reinforced everyday with oil where it is...but I don't know your timeline...
Comment by Nothingmatters on Jan 24, 2022 2:43pm
This should be a $12 stock and given the clearwater variable and if they increase the productionnext year between 15kb/d then $16 sp..I guess the SP should hit the target by mid june 2023 or 2024. This is based on the premise that all other variables remain constant or bullish...
Comment by BayStreetWolfTO on Jan 24, 2022 2:58pm
This is why I come back to my date which I have always stated June 30, 2023 My hope is that by this date we see many things 1. Debt tamed...2024 note eliminated 2. Buybacks ongoing 3. Divy restored 4. Transmountain pumping 5. Differentials strong 6 Clearwater booming 7. Increase SPR draining 8. Continued flawed eco/democratic policies 9. Continued eco woke protest of additional supply I could ...more  
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