RE:RE:RE:RE:RE:Baytex Enercom Conference - August 7-10No problem DFC
This is why it's important to walk it through.
Of course there are other considerations;
1. Operating efficiency and netbacks today are well ahead of where they were historically
2. Clearwater (new asset) is one of the most economical plays in North America
So to be conservative I ignore those two facts and stick with the numbers.
Most people will look at float and ignore production change, netball change and most are oblivious of FX impact.
Some uneducated investors might only focus on float which would be a big mistake as the numbers show.
Always good to increase business acumen and understand all the numbers.
Good that you are looking at all the facts!
DashForCash wrote: Wow! Killer information BSW - big thank you.
Interesting float back in the day - certainly knew it would have been lower but I was not sure by how much...and seriously impressed by the production increase over the years - fantastic growth.
I am also very much in the camp of share buybacks versus firing up the divy train.
Thank you again.
DFC