Baytex Energy Corp T.BTE

Well hope management crank the buybacks

[Marty47]

with oil at 78$ there is no excuses management doesn't max their buybacks at least there is some positive in the buybacks ..... price low oil fairly high ....

[dandu1924]

But  BTE need money to buyback  and this is always an ??? about the money.

[Frank007]

$ ....lol...with the net backs of $15 per barrel ....that's 15 milion $ per day ....divided by $4.46 ...lol ....ncib here we come ...lol 

[Frost19]

Baytex bought back about 4.26M shares in April and about 6M shares in May.  There are 814M shares outstanding at end of Q1.  At this point, it's basically a given that Q2 will end with under 800M shares.  If the share price stays low, they can easily continue to buy 6M+ shares per month. Thats about 0.75% per month or 9% annually.  They also continue to grow production