RE:RE:RE:BTE Share Buyback Explanation It's not just about the share count. It's the increase in debt. Yes they are producing 150k barrels per day, however the debt has quadrupled. Personally, they should suspend this mild dividend and focus all the attention on paying off the debt rapidly. No one knows the future of the price of oil, even though they pretend by showing us pretty charts. You get to your debt target faster and then your worries decrease. The fixation on demand, politics, elections, wars, China, inflation, interest, OPEC and all of the other price "justifiers" will play second fiddle and the focus will be more on what Baytex does and the rest really becomes noise.
I've been holding Baytex since 2016.