Baytex Energy Corp T.BTE

If $60 oil world is real why would you ever sell?

[Snowballer]

Let's see where this goes in the next 10 months. Reduced debt and share buybacks.

[Unlucky13]

If they do a share buyback whose shares do they buy?  At $60 oil they will make about $250 million. That will go to debt.  Highly doubtful any dividends or share buybacks in 2021.  Also, at $50 they make $100 million.   They owe $500 million in 2024 so they have to average $150 million plus a year the next three years to just lay off debt.  That leaves little for anything

[TrendSwapper]

I bet they took another 100 mil out of debt in Q4.

[red2000]

It's interesting to see more and more posters offering their FCF projection and the strategies they think the directors and management will propose to shareholders at the annual shareholders' meeting.   I remind you that it is at this moment that They will tell us:   1) If they offer a share buyback program. It must be approved. by the directors and the Toronto Stock

[Snowballer]

Unlucky, your trolling is entertaining for sure.  Your numbers are wrong. And at higher oil prices in a lower interest rate world they would/should refinance a portion of the debt at a lower rate and further out. They will buy back shares in 2022.   If oil remains above $50 for the next few years than, infact, we are out of the woods. ;)

[Speedy]

Uber slow. Try skip the dishes. Their booming   2k a month in margain is 24000 a year. Margain rates at 4% per annum means you inked 600k of BTE back when it was 5 bucks   I'm no genius but if you had 600K to dump into a volatile oil stock chances are you are worth allot more than most on here or that story is full of hot air.  Either way none of it makes any sense so I'

[Unlucky13]

I am down $300000, I gambled on one stock and put everything I had into it.  I am on the verge of losing my contract job and will have my income greatly reduced.  I need $5 a share to make up my losses.  I don't have more than most, some people here have lost half a million or millions literally.

[TrendSwapper]

Yeah buddy, so keep bashing the stock!

[red2000]

Hey TrendSwapper, are you talking to me ??

[riski]

You are going to get your $5 easily and then some.  2021 is the set up year, 2022 will be the launch.  

[2020oilgamble]

This post has been removed in accordance with Community Policy

[riski]

Yes, $5 will be considered cheap at some point in the next year.  We are in the very early days of this oil rally.  Other than Iran, there is no relief coming on the supply side.