National Bank downgrade
These banks ,analysts make me laugh .Baytex downgraded to $9.00 and everyone has to accept it ,believe it , really? They also downgraded CPG from $18 , really ? Baytex was just over $9 months ago and yet CPG has not touched $13 . These guys are nothing but clowns that like too laugh at everyone that listens to them . All this BS was posted days ago before Mondays events and ahead of OPEC+ meetings in Vienna . OPEC+ are now in plan "B" for Biden . They let good old Joe drain the SPR knowing full well that the tanks by law will have to be replenished to what levels , who knows. Earnings ,debt reduction , NCIB , Clearwater production with 11 of the top 15 wells belonging to us leaves me one thought . Patience , it's not that far away , our day is coming . This is not the same Baytex of years past that less production ,huge debt,over $3,000,000,000 Billion that ate all cash flow, no such thing as FCF. 2023-2025 will be huge for us because OPEC+ want ,demand a $90-$100 floor price. One more month until q3 results ,hang on for the ride.