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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Thoughts
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Post by rocristi on Jun 23, 2022 10:58am

Thoughts

 
For those who are long-term investors, what's happening right now is a good thing:
1. Low oil prices will further stimulate demand. Prices at $150 a barrel are not good. People will turn to other alternatives and once the holidays are over, downfall will be inevitable.
2. Buying back shares costs less money these days and we all want a financially healthy company.
3. The low price may finally encourage major investors to enter. Without them it will be difficult to reach $12-14 in the short and medium term.
It hurts right now but I think it's a necessary evil :)
Google Translate :)
Comment by BayStreetWolfTO on Jun 23, 2022 11:01am
At theses prices $900 million FCF....agreed with 1-3
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