Post by
TheWokeLemming on Jun 23, 2022 12:20pm
Baytex now 40% off the highs of early June.
Buybacks don't seem to matter much now. And oil is still over $100.
Comment by
Maxmoe on Jun 23, 2022 12:31pm
Yeah let's talk about hedges instead. Think the entire industry hedged at $120 ? Nope. Nobody hedges until prices bottom. Or is it prices bottom when everyone hedges?
Comment by
JamesT on Jun 23, 2022 12:45pm
Quick math @ $5.54 it is 40% off its high. It needs a 65% increase to reach its high again.