Baytex Energy Corp T.BTE

question re the 10 year chart

[ceenalot]

In  2015,  BTE basically gapped down from $20.00 per share in June 2015  to $7.00 per share in August  2016

It appears there was very little resistance during this  precipitous decline

Would this gap down of $13.00 per share be  STILL relevant today in terms of relative ease to move upwards quickly ...not saying it goes there ...there may have been  significant dilution during that time ...maybe that diminishes the impact ?

appreciate your input 

C

[ceenalot]

earlier post should have said August 2015 NOT 2016

[riski]

I think we are definitely getting to a point in the cycle where all companies are going to gap up frequently.   But you are right, the magnitude of movement will not be the same as it was in 2015 since the share count is double what it was back then. Offsetting that is production being 20% higher. But then sentiment is thr big wild card that is taking a long time to come back. Back then

[Konaboy]

The prevalent disclaimer is that historical performance is not an indicator of future performance. The shine is off carbon energy, my view is that we will never see the valuations that we did in the past. Take a look at some of the producers that are already debt free, and even unhedged(!), and they have not skyrocketed as they 'should' have.  Growth story aside, producers still