RE:RE:RE:RE:RE:RE:WTI above $85ok, but BTE could easily (ok not easily it would take years) be a $50/share company again. If the price of WTI was the same as it was in the period from Aug 2005 until Aug 2014 I think it might just get there. Back in these days WTI averaged well over $100. 9 years at those kinda numbers TODAY would just be WOW!!!!
jleer42 wrote: Baytex is not a $50 company. When it traded for $50 it had different management, different assets, different financial structure, different shares outstanding and different goals. It was a totally different company and cannot be compared to the company of today. Also, when it traded for $50 Candian O&G's in general were valued at a different multiple.
As for the crash down to.30/share that also coincided with Covid and WTI prices actually went negative.
For me it is simple high WTI and lotsa time and lotsa money to be made.
The inverse is also true, low WTI and she'e coming down.