Baytex Energy Corp T.BTE

Nutall's $20 price target justified

[thewarrior]

Before acquisition $9+. After acquisition possible $20 +/-. Because we just doubled the fcf. Maybe we see mid$20s after 40% hedge comes off and the price of oil stays high long enough. And lets not forget about politics and macros that make things more difficult for us.

[AlwaysLong683]

Are you expecting a share consolidation / reverse split.....?

[Billybabin61]

Nutall has brought some companies to my attention which have definitely made me money. But make no mistake, IMO he is totally self serving and is simply speculating that oil will fly, and I do hope he and many others are right, but they do not control the most important element which is the politics and monetary policy as we have seen and will continue to see.  He is cold on most everything

[Galaxym31]

He rises and falls with the markets nothing special IMO .

[Relaxrelax]

Of course Nuttall is self serving, he runs ninepoint.  He's a pumper and only pumps after he's taken his positions.  His silence on this deal is very telling.  I can't see him liking this one bit.  He's about returning FCF to shareholders.  Talk of a quarterly dividend recommendation of 0.0225 after this transition gets closed on July 31 is not going to cut

[riski]

Nuttall likes the deal. He already tweeted about it. It increases shareholder returns to 50% sooner than what BTE has planned - because now they can as a bigger, more stable entity AND they increased shareholder value through an accretive acquisition. A dividend is started at least a full year before otherwise planned. The valuation is below market c/w recent deals. There is nothing to hate and

[Snowballer]

New Debt levels outpace New FCF generation which must now also serve a MUCH larger equity pie.