RE:Baytex down because?Realdude wrote: Baytex down for 3 very large reasons and will stay down for the next year minimum even if oil stays $75 plus Wti USA.
1) huge Canadian tax bill coming. Yes perception can be everything too.
2) those juniper idiots will sell very soon second tranche of shares and then the last third next year.
3) too much debt that is not being paid.
What is the solution? Stop buying back shares-there cheap for a reason. Pay off debt and accelerate it with Canadian assets for sale. Become meaner and leaner.
Until then this stock is unfortunately dead money. Extremely disappointing for longs like me who have been holding for almost 5 years.
If you bought almost 5 years ago and held, you're up in the neighborhood of 200%. If that's not meeting you're investment objectives, you might reconsider your objectives