RE:RE:RE:Eric Greager - just a name with no faceWildfury wrote: What makes you think Baytex is actively buy back shares? Last quarter they had the same debt , didn't decrease at all ,so much for buy back shares ,its not showing in the SP . Get rid of the debt and start paying dividends , that's what will move the price . Yes the lower the price is better for buy backs so why don't they just let it drop to $3-4 dollars , would this make you happy? I've been it this since 2020 ,I've waited long enough and I feel at minimum it should be around $7.50 & not touching the mid $5 range over and over . As for the CEO , he should be beating the drum , make some noise , turn some heads , maybe do some heavy insiders buying like WCP , CJ ,TOU management does . There is practically no insiders buying Baytex stock , why?
https://www.baytexenergy.com/content/uploads/2023/01/2023-01-12-January-Presentation.pdf The January 2023 presentation shows that Baytex is presently in Phase 2 which means 25% of their free cash flow is being used to buy back and cancel shares. The other 75% of free cash flow is being used to pay down debt. It will not happen overnight but long term, this will increase the share price.
BTE's share price was up about 45% during 2022. With WTI steady at $80, their share price will likely increase a similar amount this year. That is a good rate of return for a company this size with plenty of upside potential if the price of oil takes off again.