Motley Fool article....Baytex Energy Baytex Energy (TSX:BTE)(NYSE:BTE) traded for more than $48 per share seven years ago when oil traded near US$100 per barrel. The plunge in oil prices and subsequent dividend cuts sent Baytex Energy stock tumbling. Investors feared the high debt taken on to make a major acquisition at the peak of the market would eventually bury the firm. At the nadir last year, Baytex stock was $0.40 per share. Today, the stock trades near $2.15, and more upside could be on the way. The rebound in oil prices in Q4 2020 and through the first part of 2021 looks like it has legs to run. WTI currently trades above US$70 per barrel, and many analysts are calling for a 2021 high near US$80. Some bulls even see a surge to US$100 occurring in the next two or three years. This stock is unlikely to head back to $48, but a double off the current price wouldnt be a surprise on a sustained oil rally.