RE:RE:BTE HEADED TO NEW 52 WEEK LOWS...EstevanOutsider wrote: I don't like Baytex and never did because they are not focused on core areas, but at this price, you have to start liking them from a shareholder perspective because they have been annahilated and they do indeed hold great upside potential from here.
They are now priced as if they are about to go bankrupt, but the Raging River acquisition helped their balance sheet very much (on the side of Baytex.)
If you believe oil is going north like I do in 2019, this is probably a good stock to own from here. Heavy oil differentials are almost guaranteed to narrow with Line 3, cutbacks, CBR and Alberta light oil will return to normal. Eagle Ford will continue to fetch LLS premium prices.
Do you think they will get acquired in 2019? And if so, at how much, do you think?