RE:BTE stock priceWildfury wrote:
For all of these negative comments about the economy , energy prices ,Iran this ,Russia that ,smoking Joe Biden draining the SPR with oil around $95 US & Nat gas over $9 US , I'm very comfortable with the stock price and its outlook for the future . I bought in in the low $2 range when the debt was around 2 billion , no Clearwater production , more float , oil at $60 , Nat gas $3.75 . Clearwater production is ramping up ,hedges lower in 4 plus months with better margins . In the past I had my days of disappointment with Baytex , even critsized it many times , that has changed. Better times , stock appreciation , dividends are coming for those that have patience .Baytex like many other energy companies were dead ducks 18 months ago , most had huge debt , the outlook was very bleek . I guess we should thank the lockdowns and the EV hype for the lack of investments in the energy sector . The world needs and runs on electricity from all forms so relax with the day to day media and BS . Think about it ,once by late 2023 , Baytex could absolutely be debt free , producing more with less shares outstanding , do you really think that it won't be 2 -3 times higher in value? I do, so that's why I'm staying long in Baytex .
I know we've butted heads in the past, but this is a great post. Well said!