RE:PetroNinja Wells UpdateThank's Drifter !
Shubham sound very happy with the Clearwater drilling of Baytex !
Only good words, best wells ever, no decline boe/d !
Strangely, so far, Baytex is not in his portfolio !
AT 80$ WTI and AECO at 5,00$ his target price is 7,56$.
AT 90$ WTI and AECO at 5,25$ his target price is 9,96$. It's 32% higher compare to 7,56$.
AT 100$ WTI and AECO at 5,50$ his target price is 12,35$. It's 24% higher compare to 9,96$.
I wonder if he take into account the upcoming impairment reversal and the update of proven and probable reserves. ! $$$ !!!
Possible 800M$ of impairment reversal which will increase Earnings for 2022
The real value of Baytex is much higher has you know !!!