Baytex Energy Corp T.BTE

Talk about mixed opinions

[masfortuna]

If you read below, EIA predicts oil will slowly decline in value in 2022 with an avg. price of  $68 in 2023. Yet analysts are saying we will see a marked increase in the price of oil with Goldman just one of many.  Who do YOU believe?


https://oilprice.com/Latest-Energy-News/World-News/EIA-Sees-Oil-Prices-Dropping-In-2022-2023.html

[Unlucky13]

That's the issue and one of the reasons why the stock price hasn't taken off.  Is $85 oil sustainable?  The EIA says no.  Let's be honest, if the EIA is correct and oil goes to $68 in 2023 BTE is not the $10 stock everyone is predicting, not even $5.  It's going to take $90 oil to get to $5 in 2022.  So as shareholders we have to ask ourselves if oil can

[Spanito]

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[JohnnyDoe]

debt reduction is huge. It needs to be brought down well below 1.2. If we're going to have a multi year bull run, getting out of debt entirely is a good thingbut I completely disagree with Saudi just needing to turn the taps on. OPEC is supposed to raise quota 400k barrels a month. They're not meeting current quota. Both OPEC and OPEC+ members are not pumping quota. What's really

[Spanito]

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[red2000]

Hi Spanito, Nice post ! Interesting charts ! Do you have the date of publication by Baytex  ?? https://www.baytexenergy.com/about/baytex-vision.cfm I think it was the plan after the major acquisition in 2018... No ?  As many of us know, economic conditions for oil over the past 10 years have been disastrous. This coincided with the major Peace River acquisition in 2018. The

[Spanito]

This post has been removed in accordance with Community Policy

[jleer42]

Currently all Canadian O&G stocks are increasing due to macro environment changes, I expect this to continue with various ups and downs along the way. I think the main BTE re-rating will occur this summer, probably coninciding with Q2 reporting.  Currently BTE is applying all FCF to debt reduction and thy expect to reach their target debt - $1.2b - mid 22. At this point they will then

[red2000]

Thank's, I know all that ! The reason why, I'm asking this question : Do you have the date of publication by Baytex  ?? https://www.baytexenergy.com/about/baytex-vision.cfm It's about the production growth chart ? Between 120,000 and 150,000 boe/d in 2023 seems a bit too optimistic !!! Too much Capex to reach this level, I doubt this feasable also in a very short period

[ManitobaCanuck]

The number of generalists has increased manyfold. If oil stay at 80$ for a a few years and then rose to 100$  and stayed around 100$ for a few years , like  from 2010 to 2014, we will have a 5bagger from these levels. I see 20$ too if you have patience for 4-5 years .  

[dandu1924]

This is my feeling too, just right back in the past  and you got the answer, very possible  4-5 baggers from now.

[morrisminiman]

I think a year or two of $80-90 and then a settle to 65-70 would be good for oil longer term. High enough price to pay down substantial debt, and not a spike that will bring back over-supply. If oil companies are turning profits the price will go up and for most of them anything above $50 is good. A $90 price for two years kills the industry as price as that brings in everybody and their dog in

[ManitobaCanuck]

Good thoughts , agree with you about not having a spike and slow steady returns for a few years. The question arise though , if you sell BTE , what are you going to purchase ?  Overbought and Overvalued Tech stocks/ Cannabis stocks . Energy stocks are the cheapest and should reach previous highs .  After the 2000 tech crash , it took 10 years for them to reach previous highs . Oilstocks

[Cobalt]

" A $90 price for two years kills the industry as price as that brings in everybody and their dog in tue US shale patch and OPEC+ again opens their taps to drive down price and push them out" Not so sure about that , many say OPEC has not much left to "open their taps"  "Everybody and their dog" Just who is going to fund them? Word is lenders are being pressured

[JohnnyDoe]

I'll take the private sector analysis over the government analysis

[masfortuna]

And so do I. I am not sure about the high estimates BUT I think we see $90.  Even if we don't, oil at $70 for the next 2 -3 years will do wonders to these companies.  If anybody deels differently, then feel free to sell your shares.  I am more than happy to add some more. Not sure why anybody would hold shares in a company they believe will fail OR have no chance to appreciate

[Tommy007]

The parent agency of EIA is US Department  of Energy. Biden has just wanted to lower the oil price by releasing SPR. Their opinions will align with the current US administration which is different from the general market analysts. 

[Stockhudson]

anyone besides MClone on BNN