Post by
red2000 on Mar 03, 2023 4:10pm
Week-end reflexion...
Did Eric Nuttall 20$ target price for Baytex, take into account the acquisition of Ranger Oil ???
What's your answer !?
Comment by
riski on Mar 03, 2023 4:15pm
Absolutely. He has been in frequent contact with Eric Greager and the board. He knew this deal was happening and alluded to it in the same breath as the $20 handle. A $20 prediction looks pretty optimistic without the Ranger deal, but is well within the range for the new entity if you believe in $100 oil prices.
Comment by
CoachAmI on Mar 04, 2023 8:18am
I respectfully disagree. I don't think it would be ethical to give a price target with information that is not available to the public. He would have risked losing credability if anyone used numbers to prove him wrong. I guess we'll know more if he comes out with a "new" price target or not. Regardless, I think we're heading towards bigger and better!
Comment by
thewarrior on Mar 04, 2023 7:06pm
Nuttall could argue for $20 with or without the acquisition but he needs a $100+ oil. Little downside risk but a higher oil would trigger a recession. Not the most ideal condition at least for a year or two.
Comment by
Deutz9170 on Mar 04, 2023 11:02pm
No need to worry about recession yet. There is still lots of money still swishing around from pandemic bailout. But it is starting to wear off.