RE:Historical Valuation lots of room to move....hold on! ThisSomething else to ponder if you want to look at 2013 BTE prior to its glorious fall...
Baytex in Q2 2021...with a benchmark WTI of $66 achieved operating netbacks of $33.92 on boe basis. On $66 WTI!
Baytex 2013 needed WTI of $97 to achieve netbacks of $32.62
As the debt disappears...shes a lean mean cash flowing machine.