Post by
Relaxrelax on Apr 28, 2022 9:50pm
Thought the report was good not great….
But how can you not be excited with 90,000 barrels a day and growing production with Clearwater. I'm still a bit confused on the hedging when the whole world believes oil is in a bull cycle? Anyhow, I hope they just keep paying down debt and repurchasing shares and I'm sure in the next few years we'll be well up in the $20's.
Comment by
Quietinvestor on Apr 28, 2022 9:58pm
Hedging is driven, in part, by those who loan the money to Baytex - some sense of security that they will see a return - reduce risk. As debt reduces, so too does hedging.
Comment by
Relaxrelax on Apr 28, 2022 11:29pm
Oh yeah, keep paying down debt and get rid of the banks forcing you to hedge.....I like that.