Baytex Energy Corp T.BTE

Banks

[rockman998]

Need to be careful of the banks with these highly indebted oil stocks. Banks are only interested in reducing their exposure and with higher oil prices they see it as an opportune time to force companies to sell assets or issue shares to reduce their debt. Banks don't care about the stock holders. Banks have forced many of these companies to hedge their production for 2021 cutting their present profit margins nearly in half. What would it do to the Baytex stock price if the Banks forced them to sell 100M shares at $2.

[Eigen337]

This post has been removed in accordance with Community Policy

[rockman998]

My My you seem to be a little sensitive to other people's opinions. Lets hope the debt reduction is done at a higher price than $2. But let me get this straight, you are telling people who have a different opinion than you they have to leave this board LOL! Sorry that's not how it works.

[Eigen337]

This post has been removed in accordance with Community Policy

[rockman998]

It's not slandering. It's my opinion of what could occur. I'm a shareholder but I look at things realistically. If you don't think the banks have a large influence on these stocks you are naive. By relevant facts you mean facts that you agree with then it's o.k.to post.  At the end of the day these boards are just a perverse form of entertainment. These boards don't