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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

Bullboard (TSX:BTE)

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Comment by Marty47on Jul 08, 2024 10:05am

RE:RE:RE:RE:Metrics per share

That was my point abou selling some assets , they won't have a good price for their assets at 60$ oil .... 
Post by spurwing2on Jul 08, 2024 8:22am

Record heat,hurricanes could roil fuel prices:

https://finance.yahoo.com/news/record-us-summer-heat-hurricanes-101251717.html
Comment by riskion Jul 08, 2024 12:10am

RE:RE:RE:Metrics per share

Again, all sound arguments here. The longer BTE takes to fix the balance sheet/share count, the greater chance that they will get caught with their pants down in a market with a cascading oil price ...more  
Post by Tradinghandson Jul 07, 2024 11:08pm

Lets get a solid trading week in

Lets see what drives the market this week but if Oil stays above $80 its all good, either way Baytex is a great stock for growth.
Comment by Hellboy1on Jul 07, 2024 7:17pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

Great for you buying bte when it was 43 cents but you must feel like an IDIOT nut selling for 9 dollors a share ,or  buying meg when it was 1.25.Thier management team said all money on debt till ...more  
Comment by 1234bmthon Jul 07, 2024 7:14pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

I am long on BTE since 2016 and will be here next year if I am a life, no one knows what will happen till next year, it could go to $15 or could drop to $2, that's not my point, my point is for ...more  
Comment by 1234bmthon Jul 07, 2024 7:05pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

I agree up to a point about debt problem, but this is not the main problem, the main problem as I mentioned just in my previous post is FCF generation. As I mentioned with $80+ BTE will do good, but ...more  
Comment by JohnnyDoeon Jul 07, 2024 6:55pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

Bte paid roughly 36.5k per flowing barrel for Ranger  That metric has risen a lot in the past year, meaning the cost per flowing barrel has risen a lot. Also, the emerging success of refrac ...more  
Comment by 1234bmthon Jul 07, 2024 6:53pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

First of all you should learn how to respect others and then post here, what proof do you need, SP was close to $6 right before acquisition and WTI was $75 now WTI is $83 and BTE is $4.80 and ...more  
Comment by 1234bmthon Jul 07, 2024 6:44pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

Why did BTE bought Ranger Oil and incurred all these acquisition costs and sell it back for a loss? BTE bought Ranger Oil at the time that WTI was $75 and estimated combined FCF was $1B annually at ...more  
Comment by Hellboy1on Jul 07, 2024 6:41pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

Thats funny,Make it a package deal, management goes with usa assets. 
Comment by Ztransformeron Jul 07, 2024 6:35pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

1234behemoth, before you post all kind of BS on this board, please provide proof/links/sources on BTE overpaying for Ranger acquisition prior to making TOIDI (spelt backwards) accusation. Otherwise ...more  
Comment by Marty47on Jul 07, 2024 6:32pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

My assumption is that they would find another fish out there to buy those USA assets but not at a lost , must me other companies out there dumb enough to overpay ...don't tell me only Baytex can ...more  
Comment by 1234bmthon Jul 07, 2024 6:15pm

RE:RE:RE:RE:RE:RE:RE:RE:Share buybacks June

BTE overpaid to acquire Ranger Oil, the management and market know that now, no company will buy Ranger Oil assets at the price that BTE has paid for it. Selling those assets for a loss will crash the ...more  
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