Baytex Energy Corp T.BTE

Simple math

[smallcaptdr]

Starting with Oil at $123 so with Oil at $76 Oil has lost 37% so let's adjust SP from its high when Oil was at $123

BTE high at $9.16 now subtract the 37% drop in Oil puts BTE @ $5.77 currently @ $6.73

CPG high at $13.74 now subtract 37% drop in Oil puts CPG @ $8.65 currently @ $10.26

ATH high at $3.44 now subtract 37% drop in Oil puts ATH @ $2.16 currently @ $2.71

and the difference is added in hype on Oil heading to $90 and staying there, lol, this added increase will come back to bite shareholders when Oil stays in the $70+

I made money swapping shares today and I hold zero with zero risk!

[ABCorp]

You are clearly having trouble understanding... Yes oil is down but, 2022 had 40% of the oil hedged at top end of $58. Those hedges come off Dec 31. Does that not change things if oil is at $75+?? Not sure how much of that was WCS. Oil also has a very good chance of going back over $100 in the next 90 days. Baytex also bought millions of shares back in 2022 and paid off hundreds of millions in

[riski]

This is beyond ignorant. If O&G investing was this easy, everyone would be doing it. I feel bad for you and your bankroll if you are relying on this type of analysis to make your decisions. This is far more nuanced and I won't go into the 30 or so details that also affect the share price other than the price of oil. Nobody but a chart watcher would expect energy stocks to be tightly

[GambinoB]

Rotflmao

[GambinoB]

I guess no calculator buttons have debt reduction and share buybacks.  Might need to call the gade 3 math teacher Back to BEDMAS i guess

[Cobalt]

6 months of buybacks and flat price getting cheaper by the day.

[GambinoB]

Ah I get it this is PROFESSIONAL math stuff Yes Sep 2010 WTI $73 BTE $35 Nov 2022 WTI $76.34 BTE $6.74 WOW LOTS OF ROOM TO FLY HERE ACCORDONG TO THE RESIDENT GENUISES LOL Makes perfect sense now. Equity and other items DONT impact share price...only oil price to share price I got it now!!! How was i soooo dumb

[uwebb429]

Baytex math works a little differently. Their Clearwater wells near Peavine have initial flow rates between 750 boe/d and 1200 boe/d.  WCS at $50 / barrel  $50 X 1000 boe/d X 30 days = $1.5 million dollars per month. That pretty much covers the cost to drill and complete these low cost wells. It is all gravy after that. No need to spend money to frac these wells. Baytex is on track to

[David01montreal]

This post has been removed in accordance with Community Policy

[GambinoB]

SPR is practically done. Draws will continue Anyone dare to consider SA supressing oil on market to justify further cuts on China lockdown manipulatuon? Everyone seems focused on US supressing market (takes big pockets) Consider the potential Saudis are driving down so they can say "see market telling us cuts needed look at the price" While we continue to draw LOL Last i check last