RE:The long term bull case for Canadian oil Stocks...Lots of noise and motives.
I wouldn't want to be in a position where you have to aquire properties at these oil prices. The time to aquire was back in the $60's.
Fortunately Baytex doesn't need to look at costly aquisitions to grow.
The rest lots of noise right now...
red2000 wrote: with Shubham Garg !!! Very good professor !! Like Josh Young !!!
Very interesting, for new buyers, good opportunities to understand what is going on in all the aspects of energy sector !
https://www.youtube.com/watch?v=2ltxEYPBaMM&ab_channel=shovel-stocks
For my point of view, mid producer (over 60,000 boe/d) will make much money to maintain production and give what their shareholders want.
Baytex had all fundamental factors :
High FCF === Shares buyback, paid debt faster, Dividends and possible acquisition, don't forget CAPEX to maintain production level !!! Don't forget oil is harder to find !!!!
But, Baytex don't need to do new acquisition, compare to small cap producer who don't have enough ground facilities, and properties.
Good net assets value (reserves and equipment, etc)
Keep production level or replace it with a high margin !!! Baytex will do that faster !!!
Sound interesting to have your comments on it's 3 top picks !???
SGY, ARX, MEG !!!
I think he will change is mind and added Baytex after Q1 !!!
Please do your DD it's your money !