RE:RE:RE:RE:RE:RE:RE:RE:BTE today You are correct. For me the answer is simple as to why: about 850M shares and about $2.1B US in debt.
If you examine ATH which is now almost at $4 SP = WOW, with such small production compared to BTE, it all is very clear.
Yes I agree with others that IF the price of WTI remains at $80-85, the outlook for the BTE SP will be positive going forward and that after Q3 there should be an increase to the SP as investors see the first results of the new Baytex. However, the risk remains with BTE due to share count, debt and the price of WTI IMO.