Oil $80 = Baytex should be $30
What I've done with great success on past sector recovery is taken the price of the commodity when it was coming down and looked at the historical prices of a stock,
So oil at $80 was in end of October 2014. At that time BTE was trading at more than $30 Canadian dollars. That's why an easy double to $15 is within the short term and another double to $30 is in the radar. They need to bring back dividends to get that set of investors interested but "it's a when, not an if".
Hold on to your shares (and assets!), all these bashers want them. Unlike Penn West and others which have had to sacrifice growth for survival, Baytex is whole and getting back up running.