Baytex Energy Corp T.BTE

Chart for the weekend crowd

[BayStreetWolfTO]

2022 action plan

1. Debt first to $1.2b (April rough calc)
2. Commence  buybacks 25% FCF
3. Debt to $800m
4. Dividends 2023 perfect timing.

This is a great chart. While many below 1.9 are perplexing....Baytex certainly looks to be in a sweet spot.

Can't wait for updated financials so the market can assess the new data and progress. 

Exciting times ahead for many of these names

Just a question of how much more I can grab with dividends at these discounted prices.

[JohnnyDoe]

great chart Wolf. I actually signed in this morning intending to post it myself having seen Nuttal's tweet. So the chart raises a number of questions and observations. 1. Why are the stocks collectively underperforming and will they collectively turn it around? Largely I think this is a sector sentiment thing. I don't think that the sector will ever return to its former glory but I do

[JohnnyDoe]

the other thing that continues to gnaw at me is we, well most of us, are investors. What do you want to do? Sell high, buy low. I continue to think that the right play is to sell the Eagle Ford. An American chart isn't going to show American oil companies as far off the target multiple as the Canadian companies are. Sell Eagle Ford for a decent premium in US dollars, buy the production back in

[red2000]

Good morning ! Quick comment : 3 of the last 4 cies over 4X multiple are US producers !!!

[JohnnyDoe]

spot on Red. That's why I've mentioned several times selling the eagle ford assets in a sell high scenario then acquire cdn assets in a buy low scenario