RE:RE:in @7.15You're DEAD WRONG, I would advise you to re-look at the debt amount again. Debt is down from its Fourth Q from 2B to 1.8B IN 1st Q 2016. The reason why "Bte" is trading higher is because they are able to make money better then it did from it's previous Quarter. Based on $47 Per barrel, they earn better and are in better position through out the NEXT Quarter because of higher price of oil. Their Capital Expedinture comes from their FFO!
Nessrookie wrote: Gu
based on $47 average oil. They make enough cash flow to cover their capex and huge debt interest payment that's it. and this is what the market expects. So unless they started selling illicite drugs on the side there shouldn't be many surprises
I put my sell orders in at $8.00 today. Stupidly gambling on good EIA. You want to make money over the next
6 month trade it
lets ts look at reality
- we just had the all time record driving season in North America and barely took down stocks
- we lost 30 million barrels of oil production in Canada and it has almost nil effect on US stocks. Our only export market
- OPEC production was up in June. Even with Nigeria and Venezuela problems
- there is a massive hang over of oil stocks in the US. Without 10 million barrel draws for the next 8 weeks we aren't going to dent it and then we head into fall and winter
so as much as I believe oil will reach $80 to $100 again. It's not happening until next summer at the earliest
Baytex is connect to the price of oil period. Stop looking at what it was worth a year ago. 2020 is now one year closer and they show zero ability at today's prices to pay that debt down. We need $80 to see last year $26 stock price and dividends . $52 is a dream