Baytex Energy Corp T.BTE

April Cash Flows Received in May -- The Traders just handed

[MLEWICKIMBA]

BTE a GIFT.

Now that prices are stable and the fact that they didnt go down at all really after their earnings release BTE has been able to literally scoop up more shares retiring those shares at a lower price than the average buybacks ten months running.

Revenue are received one month after the fact.  So high oil prices in April are just flowing in during MAY,

At some point as Cole Snead has stated many times -- AT SOME POINT THE TRADERS WILL BE GONE as they GET WIPED OUT with STOCK RERATES.

I am upping my share buyback estimate to 57M for the first year NCIB. 


NCIB = 68,400,000
To Date:  47,000,000

ML Revised Target = 57,000,000 

83%

Pretty good.

[dandu1924]

Pretty good expectation but this is not enough to make the difference, BTE will need to erase at least  still 50% of his shares out, so around 450 millions.  Still taking a lot  of time to reduce this, 7 or 8 years, if they have the  money to buyback  360 millions of shares. This is not so winner  with all the negative stuffs are coming.

[MLEWICKIMBA]

Your post made me smile   If they bought back 50% the stock would be 30 bucks. 8 to 10% share redemption plus credit line reduction and dividend.   Means 0.08 to 0.10 cents appreciation each month at a minimum.   BTE not given any credit for what they did in Q1. Wait!