Baytex Energy Corp T.BTE

Guess On the Close?

[Snowballer]

I'll go with an agressive $7.28

[Ogre03]

I would love to see 7.28.  interesting side note as of 7:50 close to 20% of the volume traded has been from two accounts.  about 1/4 of the trades made have been to themselves.  Ie account a sells at 6.93 and buys same amount of shares at 6.93 immeditaly.  Wierd.

[deepblue]

$6.58

[Unlucky13]

$6.57

[Nothingmatters]

6.56

[topdown99]

I am not holding my breath for a big day today or tomorrow but keep in mind as of Monday , the NCIB is in play so I don't expect anyone is going to be making any big "short" bets either . $7.70-ish remain as the level which will indicate the hounds have been released and a close above that will indicate open skies but right now analyst lowball targets are the excuse "de jour

[Snowballer]

I wonder how aggressive BTE will be on the buybacks... if the view of the the rest of the year looks strong I would hope they come out strong and spend 30% to 50% of the buyback budget at these price levels immediately. Anything below $7 seems to be best bang for buck and not doing that would be a HUGE missed opportunity if oil stays over $100. Shareholders will be annoyed if BTE lags on the

[BayStreetWolfTO]

Snow the only point I would make and Ed mentioned it last year is that buybacks will happen until they feel the share price is appropriate. At which point we would move that cash from buybacks to dividends. So again no downside now that we are in a good cash flow situation. Price down buybacks, price up closer to dividends...makes no difference long-term Still the thing to watch is Oil/Gas

[topdown99]

Snowballer , I would expect BTE to grab all they can with the funds they have available early . Oil will remain over $100/bbl for a couple of years anyways , particularily with the idiots in Ottawa and Washington presently and it seems to be aggravating Trudope to no end that his persectution of western Canada will blow up in his face . I heard he dropped an F bomb in parliament yesterday , nobody

[Stockhudson]

maybe I was right    oil needs to get to 200.00 before we can make a profit and stock will go to 7.00 this is nuts      GLTA 

[BayStreetWolfTO]

I agree TD, it will be a steady change until Q2. I think what 85 days/59 trading days? June WTI has 15 settlement dates left so looking good

[topdown99]

Well Wolf I wouldn't want to hazard a guess on the time frame with all the variables in play , consider ......  BTE "can" buy up to 1.77M shares daily so I think available funds are more of the restriction . TDBank has the lamest price target (I don't know why) but as BTE keeps absorbing the shares sold in an attempt to drive the price down (shorts) , the short interest

[BayStreetWolfTO]

Yes, really tough to say Td, the good thing is time is on their side. At these prices they are knocking down the debt. Share buybacks now, next week makes no difference to me...get the debt to $800m this year and let's talk dividend. My timeline hasn't changed June 30, 2023 for a review

[Snowballer]

Well this looks unlikely lol. $6.50ish needs to hold... othewise :/