Baytex Energy Corp T.BTE

Question for topdown99 and manitobacanuck

[forecast123]

It seemed the two of you have the most compliments for BTE. My question to both of you is
(a)  how much  BTE  SP will be by Q3 2022 and  Q4 2022 ? 
(b) do you think BTE SP will rise further in 2023 ?

[ManitobaCanuck]

I expect them to be atleat 12$ by 2022 end and possibly 20$ in 2023 if Oil holds above 80$ . If Oil hits 100-120$ WTI as predicted we may restest previous lifetime highs of 50$ . Diamond Hands . Might book some profits around 12$  and keep my final tranche of 100k stocks for 50$=5mill in 2-3 years 

[barneyj44]

Baytex hit $50 a share, not unless they do a share consolidation. A $28 Billion market cap won't happen.

[ManitobaCanuck]

I agree with you , it will only happen with buybacks as BSwolf and others have been screaming.

[red2000]

Hi Forecast ! I answer your question by another one ! Do you have enough balls, to keep your shares until Q3 2022 !!!??? BTW nice to read you, Topdown99 !!! All my figure see upper stock price 5$+ somewhere 2021-2022 ! So much potential for Baytex in multiple aspects of the business !!! Start with the huge management team like : Rodney D. Gray, Chief Financial Officer, Baytex Energy Corp

[topdown99]

Just on a fair multiple of FCF , BTE is worth $10/sh easily . And yes mb , you are whom I was refering to . Where do I think BTE will be depends on how the next year plays out , ie: debt reduction , share buyback and eventually , dividends . As we move into 2022 and the 2021 hedges are retired , BTE FCF will increase appropriately fortified by the increasing savings on debt financing costs

[deepblue]

$10 bte. Lmfao!!!!!!!!!!

[topdown99]

That's what you said when I said BTE would trade above $1 And then you said it again about the $2 level .... Based on YOUR track record , I feel really good about $10 

[BayStreetWolfTO]

Yes agreed TD, you have been calling the increase all along... I believe you will be right on your $10 call

[red2000]

Sound good to me ! Don't forget in 2022 Hedge price turn to 68$ instead of 52$ it's 30% higher in revenues for 42% of the boe/d !!! And may be management is able to negociate it over 70$ !! All that don't count Clearwater ! My Q3 prediction : Considering production of 81,162 Boe/d same as Q2 ! But they probably reach 83,000 in Q3 ! Revenues for Q3 Between 460M$ to 480M$ !!! AFF