Baytex Energy Corp T.BTE

Suddenly WTI over 79$ !!!

[red2000]

And share price start to reach back as it was before the deal news... !

So emotional market, for my point of view, if the deal is not good, the stock will reach maximum 5,74$, which is the price per share of Baytex offer to shareholders of Ranger Oil.

On the other hand if the deal is good, as i believe it will be with a WTI price over 75$, the stock may reach much higher !

The question remains, without deal, do you think the Old Baytex could achieve a higher price and dividend this year ?

I am working on couple of assumption to have a clear view of the future performance of the new Baytex compare to the old Baytex.

I think this is the way to properly evaluate the potential of Baytex.

But not on a short term view of a week or less !!!

Stay tuned !

[uwebb429]

WTI over $79 with summer driving season still on the horizon. Things are looking really good.  No need to think about Old Baytex. They already have support of more than 50% of the Ranger shares. It is a done deal and it is a good deal.  Everyone got all butt hurt about taking on some new debt. Why? New debt at 6% for a 20% increase in free cash flow. No need to be a Rhodes Scholar to

[red2000]

Dear Uwebb429 ! I know very well that it's an excellent deal, but the short term noise irritates me to the highest degree. So i will take time to demonstrate it ! BTW, 1st week of 2023 with weekly shares traded higher than avg. weekly shares traded in 2022 of 54,7 M. So far, this week over 95 Millions shares change hand !!! Excl. NYSE !

[Cobalt]

Sunday night is the driver, positioning before China puts out their growth target i think the over and under is 5% or was it 5.5 hmm most firms are saying over. How much stim this Sunday night will drive the oil market hang on cheers

[Cobalt]

I'm taking over added to the sector :)

[JohnnyDoe]

Red, imo more often than not markets react negatively to merger news. Shares trade hands. People start evaluating the merged entity. I held CVE when it bought Husky. Sold WCP when it bought XTO. I'm going to hold bte thru this acquisition. The merged numbers at 90 + wti are ridiculous. I am also really fond of two other things.  1. The ability to better manage the WCS spread by deploying