Reasons Why Baytex Might Be Smart Buy for Oil Bulls Right Now
Saturday, 13 April 2024, 20:03
Transformative Acquisition
Baytex operates in the U.S. and Canada and acquired Ranger Oil, focusing on the Eagle Ford basin.
Deleveraging Opportunity
Baytex plans to reduce its debt and generate free cash flow from current oil prices.
A Cheap Stock
Baytex's stock trades at attractive valuations, with a potential for stock buybacks and debt reduction.
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