Baytex Energy Corp T.BTE

No Div versus Buy Back

[Wortep]

I was not totally surprixed that there was no dividend issued. Buy  backs are in full swing. Which is good for all of us. No dividend means lower stock price cheaper to buy back. The war chest is building and I don't believe it will be used for a future dividend.
What it will be used for a means of taking this company private.
While the future offer will be enough to make most shareholders happy to move out of this stock, but will leave a sour taste behind.

[jleer42]

They were very clear on their game plan though, and there was no change from what they had previously said. As far as shareholder returns the only thing they didn't do was commit to a percentage after debt reaches $800M - Eric's question. I am good with this, they said they would increase returns and it's ultimately a board decision. Might have dissappointed flippers but that's not

[BayStreetWolfTO]

100% JL, I am ok with waiting for the $800m...here through June 30, 2023 anyhow so gives me time to keep buying with dividend money...

[JohnnyDoe]

I wasn't surprised that there was no dividend announced either. Why? Because they've been pretty clear on what their plan is and how they'd use the FCF. So in your case...either you haven't been following along, or somehow misunderstood the very clear direction provided, or you're just here to spread FUD.  I will go with door # 3 

[BayStreetWolfTO]

Door #3 JD LOL