Post by
889900 on Mar 07, 2024 4:31pm
Eric Nuttall
I was on a Zoom call featuring Eric discussing oil, Batex was mentioned, and he discussed the writedown as it was misunderstood by market.
Eric talked to Baytex management, and his fund did not sell any shares.
He did also talk about a company (no name meantioned) questioning why people wouldn't buy factoring in a share price dropped of 8% last week, current bringing in 20% at $80 oil, 10% going to buyback & dividends to shareholders .... wonder who he was refering too :)
Comment by
barneyj44 on Mar 07, 2024 7:19pm
Thanks for the info 889900, much appreciated. I've been adding here and there as I consider Baytex oversold at $79 plus oil.....
Comment by
barneyj44 on Mar 07, 2024 7:23pm
Maybe Eric was talking about Paramount Resources. , it took a big hit. Don't know if it's his type of company as it's only 40% liquids....