Baytex Energy Corp T.BTE

Share price post earnings

[Unlucky13]

If you look at the history of BTE and earnings calls the stock moves at most 8 to 10 percent and usually just 5 percent.  With OPEC not being able to keep it's business in order I would say we see 5 percent tops.  That's 11 or 12 cents.  If it's a bonanza earnings call as expected that brings us it about $2.40.  Now if oil is down a buck that's $2.35.  If oil is up a buck maybe we get to $2.45.  I will leave the board if the stock closes above $3 by August 1st.  I am very confident that won't happen because recent price action confirms the following targets for BTE.  I got whittled down again and was forced to sell on margin because of the recent downturn.

$75 oil is $2.50
$70 oil is $2.20
$65 oil $1.75
$60 oil is $1.50
$55 oil is $1.25
$50 is 99 cents

The way the stock is trading it wouldn't be surprising to see prices under $2 by late Summer. Any trader holding out for an earnings boost sill
be disappointed because even a great number still only brings us back to $2.50.  Too much drift downwards has created this decimated share price.  For the share price to get to $3 we need $85 oil and with the delta variant spreading I think oil has leaked at $75.  We very well with a bad earnings report will be back under $2.  Still acting like a wobbles duck to me.  Wolf will keep spinning it like this downward trend is a good thing but it's a sign of a failed company.  At the end of the day only two things matter, the oil price and more importantly the share price.  We are still some two years away from share buybacks or dividends so nothing will move the stock here.  Clearwater has been accounted for in my opinion.  I feel so strongly about the earnings news that I want everyone to say how correct I am when the end of day price rolls through.  $3 is impossible post earnings at this point.

[BayStreetWolfTO]

Clearly you have never been in an executive role. Quarters matter because it confirms if the management team is executing the plan. Share prices doesn't. To your point if the shares are a buck when the buyback comes management would scoop the table. For now you are correct on 1 point I will give you. Oil price matters and at these prices $1.3+ million a day

[Unlucky13]

Clearly you are not a shareholder siding with management.  I lost 97 percent on this dog so the share price matters.  When the share price remains under $3 on earnings day say yes, Unlucky 13 was correct.

[BayStreetWolfTO]

Per your post. "We are still some two years away from share buybacks or dividends " Let's park this comment and discuss Friday June 3rd, 2022. I have it in my calendar as a reminder in case you forget.