Baytex Energy Corp T.BTE

$50?

[MooninPaPa]

What made this a $50 stock? 

Were there less shares?

FCF really high at the time?

BPD were higher?

Could this happen again?

Many things I don't understand and this is one of them....

[masfortuna]

Look at the sp of ALL OIL COMPANIES at that time. As you can see, despite our run-up, we are still trading at depressed levels. 4-5x multiple should be where we are at (we are sitting at just below 2x). When Baytex was at $50, the multiple was 7-8x.

[BayStreetWolfTO]

Good morning Moon, take a look at this little analysis comparing 2013 and 2021 share price, float and production including FX. You will see all things being equal (which we know sentiment as JD explained is still somewhat negative due to ESG) with consistent quarterly results and comfort I come back to $12.77. Now that is NOT my short term target I feel more $6.50 Q2 2022 and $8.50 Q4 2023...but

[masfortuna]

Ok clown.  I answered your question but obviously you are not interested in the answer. So basically you are just clogging the board.  On ignore you go.

[masfortuna]

sorry wrong board.

[jimitwist]

One of the things about when it was approaching $50, was the 20 cent per month dividend, for just a few months before the bottom dropped out.

[MooninPaPa]

.20 would be great! Thanks for the input all... they have some work to do but it looks like they could turn it around at these prices and torque again down the road!! GLTA

[masfortuna]

Oil and gas stocks have generally underperformed the commodities they track by a significant margin in the current year. The degree of underperformance becomes even more stark when you zoom out to longer timeframes. This suggests that oil and gas stocks remain seriously undervalued and could be ready for a catch-up rally. ESG Caps Oil and Gas Investments Indeed, U.S. oil and gas companies