Baytex Energy Corp T.BTE

Demand destruction already started:

[spurwing2]

https://finance.yahoo.com/news/gas-prices-demand-destruction-already-started-says-strategist-195433877.html

[BayStreetWolfTO]

Yes, I heard one commentator say we need to see some demand destruction to avoid a bad spike. His feeling was we see enough demand destruction to keep us in the $120-$130 range without spiking to $150. I guess we will see. China is really only starting to ramp up... I much prefer to sit $100-$120 than spike to $150-180...

[jdmecomber]

BSW, I guess Memorial day had a slight decline in gas used.   The airlines have been busy.  Something we should keep an eye on.     I did take the car the other day, instead of the diesel.  I hate the car I barely fit in there.  :) $100-$120 would be perfect.  Even $90-100 would be great Yes, I heard one commentator say we need to see some demand

[JohnnyDoe]

120 would be a perfect sweet spot for a couple of years. Probably wouldn't cause any considerable demand destruction but the story on gas high because of lack of investment will continue to get told. Hopefully we see the wokeism and the lefties shrivel away. 120 from here thru to your June 30, 2023 date would be superb. No debt. 1.3B or so in fcf. 500M float. A buck+ a share in dividends

[riski]

<$100 would be better. $90-$100 would be ideal. The already spiking price ultimately limits the length of the rally. At $90 oil, we could see a 6+ year rally. At $120-$150, that rally might only be 2-3 years. The value of these companies is in the cash flow they can generate. There is more area under the curve over 6+ years than there is for a spike now with drop in 2 years. This is an epic

[riski]

I feel bad for those guys who took all the risk early on this and bailed between $1-3. Those who have been here a long time will remember a lot of their names. I can't imaging how bad it must feel to leave so much on the table after putting it all on the line below 50 cents when the chance of bankruptcy was not that far-fetched.