In the 2 Eric's I trust, why Doughski is staying long
1) Eagleford re-fracks, the best in the basin
2) Duvernay buildout, fantastic Q3 results
3) Clearwater continuation, best acreage in the basin
4) Leadership: Greager is an award winning CEO with skin in the game
5) Investors: Eric Nuttall is involved and is bringing this name to the masses
6) Index funds: soon as Baytex grows, expect more index inclusion
7) Buying: one of the best buybacks in the industry
8) Dividend: it's growing and will do so for many years
9) Cross-listed: Being listed on the NYSE makes the name better known to global investors
10) Torque: no name in oil and gas has more torque.
Folks, I don't know who needs to hear this but if you are not buying at troughs you are missing out on epic games. Baytex Energy management are amongst the best in the game and they have the lowest costs of any producer. Nuttall has an $18 target on this.
Folks, I am staying long. I suggest you do the same. DYOR!
Niko Doughski