Baytex Energy Corp T.BTE

Fri Mar 25th daily update

[BayStreetWolfTO]

Another $8.5 million FCF weekend at these prices. Fri-Sun

Great start to May WTI average. Q2 WTI average very strong.


https://wolfofbaystreetto.blogspot.com/2022/03/fri-mar-25th-daily-update.html

[fortunefavorsus]

My thoughts exactly Baystreet oil prices over $100 are just a super bonus for oil companies that can breakeven around $45.  Debt levels of oil companies are collapsing and buybacks and dividends are increasing.  These are now safe investments and investment funds will start to add.  The key is for oil companies not to go crazy with capex budgets which they appar to be doing.

[fortunefavorsus]

Looks like another 3 days above $112.  You have to be crazy to be short this stock.  I think we could see a massive short squeeze at some point taking us up to $10 when BTE starts buying stock.

[Nothingmatters]

If i hear another sentence with short squeeze, i mma blow up... omg the retatds here

[JohnnyDoe]

wouldn't we need a massive amount of shorts for that to happen?

[BayStreetWolfTO]

Everyone should follow JD here. While I would like the short % to get down near 10M (relative to others in O&G I track) so maybe in my mind 10m in additional shorts to reduce...this I feel will continue to help as a certain % cover but it won't do what we saw with stocks such as we saw in the US What is going to drive us here is multipe other items 1. Supply/demand 2. Frac count