RE:RE:RE:RE:RE:RE:RE:RE:Share Count for BTEThis is a nonsense argument that always appears.
With Oil at these prices I would like Baytex to spend the least amount of FCF short-term to buyback shares.
This is not a very good long-term view....not many people cared Baytex dropped in 2022 from 4.33 in November to 3.31
And they certainly don't care about that drop today LOL
Maxmoe wrote: They bought stock every day since the NCIB started May 9th. EVERY DAY. Who were the guys complaining bte was paying too much? Careful what you wish for. 3 weeks until Q2 results are released along with an update on debt reduction, stock buyback, and Clearwater drilling. It's going to be huge. How many oil companies were stupid enough to listen to whining about hedge books and cut a huge cheque to clear the book? CVE spent $1 billion. Bte wisely let the book just roll off. I bet a few wished they "hedged" when oil was $120 plus.
masfortuna wrote: The max they could buy is 10% annually and this is based on volume as well. So I did 10% for 4 years and got about 365 million o/s.