RE:RE:RE:Talk about mixed opinionsSpanito wrote: If look at Baytex's vision then this give some future glimpse of what may be:
https://www.baytexenergy.com/about/baytex-vision.cfm
Personally I feel that the
reinstating dividend at the appropriate time will be the key to moving this stock up. But like you stated Debt reduction is this sectors true goal as you can see by CVE & SU. Paying back debt for future sustainability of volality markets is on managements mind. Let's face it, Saudia Arabia controls the oil markets. Only a fool beleives different. All they need to do is TURN ON THE TAPS, and down we go again.
So DEBT reduction is on my mind as priority one, then dividend, For now a slow crawl up to $5. and I bail at $5.20. You'll see my post "OUT at $5.20" wait and see, cheers.
Spanito
Unlucky13 wrote: That's the issue and one of the reasons why the stock price hasn't taken off. Is $85 oil sustainable? The EIA says no. Let's be honest, if the EIA is correct and oil goes to $68 in 2023 BTE is not the $10 stock everyone is predicting, not even $5. It's going to take $90 oil to get to $5 in 2022. So as shareholders we have to ask ourselves if oil can get to $90 or triple figures. I am banking on a conflict in the Ukraine to bump oil up but cool heads might prevail and oil might remain range bound from $70 to $80. Range bound oil can't get this moving. The oil price has been moving up but the last earnings resulted in a slide and correction. I am trying to stay positive but accumulation and growth takes us to $5, $10 is just not reasonable at $85 oil. Free Cash flow is just slightly over a dollar a share at $85 oil, that's a stock between $5 and $6 tops after 12 months of those prices. To really get a double here we need years and not months of $90 plus oil. Too much hedging.
If I were a betting man and I am I think we touch $5 briefly but quickly fall back under $80 a barrel when the Ukraine conflict boils over. Hopefully we stay at $4,50 and the stock gets a reset when oil does it's natural ebb and flow. I really don't think it's a straight up line from here. I wish it was but it's been a straight line since $3.30 and the last predictor of performance is past performance.
Share price predictions? Will this earnings call finally move the stock?
debt reduction is huge. It needs to be brought down well below 1.2. If we're going to have a multi year bull run, getting out of debt entirely is a good thing
but I completely disagree with Saudi just needing to turn the taps on. OPEC is supposed to raise quota 400k barrels a month. They're not meeting current quota. Both OPEC and OPEC+ members are not pumping quota. What's really driving peak supply theory is the belief that OPEC will soon exhaust all spare capacity