Suddenly WTI over 79$ !!!And share price start to reach back as it was before the deal news... !
So emotional market, for my point of view, if the deal is not good, the stock will reach maximum 5,74$, which is the price per share of Baytex offer to shareholders of Ranger Oil.
On the other hand if the deal is good, as i believe it will be with a WTI price over 75$, the stock may reach much higher !
The question remains, without deal, do you think the Old Baytex could achieve a higher price and dividend this year ?
I am working on couple of assumption to have a clear view of the future performance of the new Baytex compare to the old Baytex.
I think this is the way to properly evaluate the potential of Baytex.
But not on a short term view of a week or less !!!
Stay tuned !