Baytex Energy Corp T.BTE

TD reduces oil exposure short term overvalued

[byloselhir]

Cut weight in MEG and energy exposure now (18% ) vs TSX (24%), see oil dropping short term, estimate is 2022 $71.41 2023 69.89 wti holds MEG NVA TVE ERF

[Unlucky13]

Exactly, very easily this could dip if oil goes back to $70 which is likely does.  That has always been the pattern.

[Panama4sure]

even at 70wti BTE still make a lot of money! will still raise long term... newbie!

[Unlucky13]

You must have gone to the brainwashing school of Dr. Wolf.  $70 oil is about 2.5 billion over 5 years.  We can erase debt and pay a dividend and buyback shares over 5 years  but in the short term $70 oil is a 20 percent haircut in the stock price and a market correction of about 25 percent.  That's a $1.25 off the share price!  Won't feel great about $70 oil to be

[byloselhir]

I just posted the TD report not my price, this is exactly why i don't contribute usually too many big mouth moron millenials that are too lazy to read they just assume and react