RE:Eric Greager - just a name with no faceWildfury wrote: I must say I'm disappointed with Baytex's new CEO , much worse probably then Ed , the last CEO . No open communication with shareholders , the stock is no man's land , no strength , no interest , lagging behind many other Canadian oil and gas companies . Clearwater this , Clearwater that , the top 15 wells ? If I was the new CEO I would be promoting heavily within the institutions , maybe show my face on BNN , no , not Eric , throw us a fricking bone Mr. Greager or sell the company so we can move on from the status Quo .
If Baytex is actively buying back shares, it makes no sense for the CEO to head to BNN to try and increase the share price. I hope the share price stays where it is at so they can buy back and cancel as many shares as possible at a good price. That makes sense for anyone in BTE long term.
If your time horizon is only a month or two then you are right, it is time to sell and move on. It might be Q2 or Q3 before WTI gets back to $100 a barrel. That is ultimately what will drive the share price higher.
I do not need to hear from Eric Greager as long as they keep drilling 1000 boe/d Peavine Clearwater wells as fast as possible like they are doing. Patient investors will be rewarded.