The sell-off is a gift, I'm buying more w/ the 2 Erics Folks every year the market brings a little Christmas jingle.
This year by virtue of tax loss selling and the bear narrative being pushed by the ESG lovin' media, has created an epic buying opportunity in Baytex Energy.
Bought 25,000 shares yesterday. Thanks to all the sideshows who sold to Doughski.
You are now brokeski and I am going to be laughing all the way to the bank.
Inventories at all time lows and OPEC curtailing barrels. Shale capex is falling. D&C activity near cycle lows. Just watch and learn. We've been here before.
Baytex Energy investors are going to make so much money. Still double digit FCF yield and the optionality to privatize in 5-years out of FCF which means us, the shareholder, will get even more! Paid to wait until then.
Again, thanks to all the sheep who sold me your shares. Sell me more PLEASE.
~ Doughski