Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > Brent at 120$ US - June 2022 !

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Post by red2000 on Nov 01, 2021 4:33pm

Brent at 120$ US - June 2022 !

https://www.bnnbloomberg.ca/brent-crude-headed-for-120-by-end-of-june-bofa-says-1.1675251

So Crude Oil may reach 100-110$ US !!

No one in the Energy sector want to produce at breakeven ! It's over !!!

The bad years are behind us !

Baytex is well position to open the valve if necessary of Clearwater with the best Netback in Canada !!!

Huge FCF for 2022-2023 !!!

Dividend for the remaining shareholders after buyback shares (5-10%) !!!

A 12 cents per share dividend per year equal for my Baytex Shares an annual yield close to 20% !!!

Wonderful !!!

Keep your shares !!! Only my O !

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Comment by topdown99 on Nov 01, 2021 5:09pm

Hi red2000 , it's been a while . l see some familiar names and some new ones too . As I said over a year ago , the daily stupidity of the market can sometimes camoflage the overall direction . It's not the price today thats important , it's where it will be next year . Even on a conservative estimate , this is a $10/sh minimum right now despite what some nay-sayers might ...more

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Comment by goldboyz2 on Nov 01, 2021 5:29pm

Thanks for the input Topdown99 I was watching BTE then i went away for work for 20 days and came back and BTE exploded upwards from the 2 dollar range. Quite the run and with oil still climbing and with clear water having so much potential appears to have a great future for BTE. Things seem to be getting really interesting for BTE and im looking forward to the future. Could we see 4.00 again or ...more

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Comment by topdown99 on Nov 01, 2021 7:03pm

Hey goldboy , I just got sick of the drivel being posted here and I decided to find better conversation elsewhere . The point is , last October I said BTE would not only hit $1 but it would be $5 before the end of 2021 and I was laughed at . Oil prices have risen higher and faster than I expected which has only inflated BTE's FCF and made this stock even more compelling . Thursday's Q3 ...more

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Comment by ManitobaCanuck on Nov 01, 2021 8:21pm

Very true , am the guy you are referring to . The crazy guy who risked a 250k LoC and 140k of personal funds to buy into Baytex ,Athabasca Oil,Cenovus/Husky and Suncor . Been rewarded well with a 2.1 mil portfolio currently and repaid all my mortgages, debts/LoC.

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