RE:The sell-off is a gift, I'm buying more w/ the 2 EricsThis guy is a perma bull and may be right, however over the last year or 2 he has been very wrong. So now he is here pumping which is fine but a little one sided debate. Maybe he can explain why the debt really has not moved, why production will fall despite record amounts of spending,what happens on Q4 earnings if the loonie is anywhere near where it is today, and yes I do agree with him that at some point oil prices will rise. How much and when is a little concerning because if opec has all of this spare capacity we must be over supplied. I currently am on the sideline because I think this stock falls into the new year but will consider getting back in when there is total lack of confidence(buybacks cancelled and divy suspended).
NikoDoughski wrote: 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