Baytex Energy Corp T.BTE

What Canadian companies have no hedges?

[TheWokeLemming]

I believe CJ and MEG don't.  Is that accurate?   Should we expect the hedges to slow down some of the momentum in BTE?

[Hightowntrader]

All the obvious monster sized players, and CVE just put their big boy pants on this week by paying their way out.

[BayStreetWolfTO]

WL at these prices. Baytex (including hedges) Free Cash Flow Daily $2.3+ Million Weekly $16.5+ Million Yearly $861+ Million Clearwater 100% unhedged. If $860M at these prices of FCF slows you down (which includes hedges) ok I am willing to wait for 2023 for even better numbers lol

[1condor]

I wont disagree with all these big numbers being presented here...but have you ever noticed the more money these companies make the more they seem to piss it away. I am not saying all management does this...but I just find that the more money flows the more sloppy things get. It will be interesting to look back on some of these companies in a couple years and see how this all panned out.

[topdown99]

Condor , all I have to say is "where were you 2 years ago" ?  BTE went to $0.28/sh , banks went after every O&G company that owed money and forced them to hedge their production , last years hedges were even worse . More importantly , look at the debt paid off even with those disasterous hedges , by the end of the year BTE will easily be under $1B and closing in on $800M . Only

[masfortuna]

You summned it up perfectly Top.  Couldn't agree more.  Stick with debt repayment and we should start to see an appreciation in the sp soon.

[1condor]

topdown99...I have nothing against BTE or any other oil and gas stock as I am invested in the sector. I just find when "times are good" and the big money rolls in (like it is now)...that silly and costly mistakes can be made by managment. Not saying BTE is part of this crowd. Just saying it will be interesting a couple years down the road to see how these companies put their windfall to

[topdown99]

The best price I got shares of BTE at was $0.395 and I distinctly remember thinking when I pushed the "send order" button that "this stupidity can't continue" . I have poured over every Q report and update issued looking for anything out of the ordinary . Believe me when I say , if I thought management was drifting from the plan or acting reckless , I would cash