Baytex Energy Corp T.BTE

Ho hum

[Maxmoe]

Another day over $100, another day producing 80,000 barrels = another day of revenue of $8 million USD. Yesterday? Another $8 million. Tomorrow? Another $8 million. Annualized? Yuge near $3 Billion. USD baby. What's that $3.7 Billion cdn ? Anyone notice C$ way down lately? Yuge cashflow. Yuge debt paydown. Yuge stock buyback. And eventually.... a nice little divy.

[ceenalot]

yep ...well said Max ...but most investors want to buy high and sell low ...fear is your friend if you have convicition 

[masfortuna]

S to review: 1) Summer driving season good for oil- check 2) oil reserves dwindling- check 3) oil above $100-check 4) war in the Ukraine- check 5) Opec running out of spare capacity-check 6) Libyan oil fields down-check 7) Dpw Nasdaq and S&P Green-check AND*** 8) Biden eliminating gas tax which will allow gas to be more affordable= more consumption Did I miss anything? And yet

[BayStreetWolfTO]

Yes boring....just another day of cheap buybacks eliminating some shorts and smaller players forced to liqudate. Rates going up...this is new to most younger people. Yes stronger USD....but most don't understand the F/X impact...great on the income side On the liability side hold fcf in credit facility in CAD and look for a good shift in F/X on debt side. Clear last LTD note in April 2023..

[TheWokeLemming]

I prefer the big players feeling the pain instead of the small players who get taken out due to the manipulation.   As a small player I never try to overextend myself or hold when I know I'll need upcoming cash.   This allows me to wait for the manipulation to end.   The impending doom is being overblown to fleece the retail investor.  Watch for the pundits to go back into

[BayStreetWolfTO]

Correction Woke, I think we will hold "educated" small players. For instance you look at all the data....and make an informed decision....there are many smaller retail players out there that stick with emotions...those are the ones we lose.

[TheWokeLemming]

That I agree with you on BSW, especially if they voted for Trudeau and have come to this party looking for a quick buck.  

[BayStreetWolfTO]

Agreed woke...but isn't everyone looking for a quick buck nowadays...tough to find longs these days...changing times.

[BayStreetWolfTO]

The real big players don't lose....they play with other people's money....and if they tank they get a bailout lol....

[Nothingmatters]

This pumper,, still a double lol...it was a soubke at 9... now it is a double... i think it will be a double even when it is at $2....