Baytex Energy Corp T.BTE

what a disappointing release of Q1 earnings

[forecast123]

Some folks kept pumping,,,,,pumping the hype for Q1 earnings.....  to be met with such disappointment  !!!   Then sarcastically, they will probably pump again for Q2 earnings ...

[BayStreetWolfTO]

For now I guess you just have to be content with your 68% gain. forecast123 (76) User Actions   March 06, 2022 - 01:30 PM 314 Reads Post# 34488134 sell/hold plan for my energy shares To start with,  I don't have any insider info, not a stock analyst,  nor do I have crystal ball of the world ahead. I am an

[nikolaos]

Exactly what was so disappointing?  They spent $154 million of capex in q1 with a target to high range of $500 for the year, increased clearwater production from 3kboe to 8kboe thats not in their q1 report but now in effect. Decreased net debt to 1.28 billion from 1.41  and on target to hit under 900m net debt by end of year.   So exactly how was it disappointing?  Because the

[forecast123]

compare the response to CVE earnings release to the response to BTE earnings release....

[BayStreetWolfTO]

Compare the 3 month share price change between CVE/BTE But certainly lets check back August 1st. I will save this post

[nikolaos]

If you listen to the call when Eric asks the question, he asks Baytex if they will be doing a 75/25 split in 2023 and compared cve returning 100 percent. Did they tiptoe around the question, a little. They are not commiting to it just yet as they want to see their position and how it unfolds next year. If you also listened to the full call, Ed explains after being asked another question that they

[BayStreetWolfTO]

Nik, comments from people who have never been in that position. Yes CVE should buyback all that paper first would be my vote...

[forecast123]

Do read some postings in yahoo finance BTE board....  Various posters felt CEO & CFO are overly conservative, hence leading to disappointing response to Q1 release...     Just compare the comments from posters for how shareholders resonse to  CVE Q1 release vs BTE Q1 release...   Why not answer a direct question from their largest shareholder (Eric) with a

[BayStreetWolfTO]

Forecast I still don't see where this negatively impacts me....maybe traders and flippers but with my long position through June 30, 2023...this noise if anything helps me. 1. So your telling me people are upset the management team is not "pumping" a future event? I'm ok with that WCP doesn't pump either I am ok with that too 2. The Stock didn't rocket up today giving

[Eigen337]

This post has been removed in accordance with Community Policy

[BayStreetWolfTO]

100% Eigen It's time for longterm shareholders! They are way ahead of plan...keep going!

[topdown99]

Let me have a crack at this Wolf , for starters , the only way Q1 was a disappointment would be if you bought at $7.05 yesterday expecting a pop today for a quick flip . I will admit when I first saw the FCF number , my first thought was WTF !!!!! BUT , as I stated multiple times already I continued reading and discovered the capex investment . Further to that , BTE made a great move by making