RE:WTI up $4.51 BTE down?Wildfury wrote:
How can this stock reach $20 when it goes down the next day after earnings on a 5% jump in WTI ? Holding this long term is a mistake , I have finally realized this , after the up's & downs over the past 2 years I should have traded it rather than seeing the manipulators getting rich. If 75% was going to debt then why is the debt the same as last quarter ? I said it before & I will say it again , FU Ed , your 40% hedging really screwed us good . WTI is up over $4.50 and Baytex is being dumped , WTF .
He didn't say 75% to debt. He said 25% for buybacks in this phase. That means the 75% left is for capex and debt. Look at what they spent on capex. Then look at what they paid for debt. Then add the difference in CDN $ and you will see that it balances out.