Baytex Energy Corp T.BTE

Omg oil 1 percent down

[Nothingmatters]

What will happen to bte tomorrow?

[Swackaboozy]

BTE will continue to get beaten like a rented mule til tax loss season ends.We probably won't get a real picture of this company til the new year

[Hellboy1]

Thats a stupid question, If oil is up or down the share price always ends down. You know what's really sad, These clowns in the office will be expecting a bonus check for christmas.Well deserved, IDIOTS..

[Swackaboozy]

But the stock price in the crapper makes buybacks cheaper !

[Marty47]

Yea as long the wti stay at 70$ it's make the buyback cheaper for sure hope they maximise and achieved their goal on that until the next ncib 

[1234bmth]

It is not the buyback that determines our investment value, it's the SP that we can sell in the market determines our investment value, the buyback has been implemented more than a year ago, but the SP is down 40%, what is the advantage of buyback here?

[Marty47]

This buyback strategy is a long term one you talking about 3to 5 years you won't see an immediate in the sp but as ceo said  with the low sp it's the best steategy ... if you think doesn't make sens email Baytex but unfortunately ad the stock price is now at 3.4$  and wti at 71 .... it's an even better strategy 

[AvInvestor]

And the worst part is that they were buying back shares in the 5s. They should have sold heavy oil assets, and cleaned up the balance sheet.