Banks
Need to be careful of the banks with these highly indebted oil stocks. Banks are only interested in reducing their exposure and with higher oil prices they see it as an opportune time to force companies to sell assets or issue shares to reduce their debt. Banks don't care about the stock holders. Banks have forced many of these companies to hedge their production for 2021 cutting their present profit margins nearly in half. What would it do to the Baytex stock price if the Banks forced them to sell 100M shares at $2.