Baytex Energy Corp T.BTE

Well...

[masfortuna]

A very good quarter for cpg BUT the reaction by the market is underwhelming to say the least.  It actually traded red fora little while. I understand that the Feds will raise rates in order to fight inflation but regardless of any rate hike there will still be a need for petroleum. In actual fact, assuming the worst possible case scenario, the planet will still require about 96 million boe every day which would keep oil prices high for a very long time.  Cpg reported 38 million in fcf and yet that apparently didn't impress.  BTE reports after the bell and should have had a stellar quarter. Will we be in the red tomorrow morning as well? Ridiculous...
Mas

[bogi]

That will be  the case for the whole sector I believe . A fact of a  fact is : Energy is not a well loved sector because of previous   lousy  performances .  It will take some time to win more investors over . That is the reason hy Eric N. is  trying to convince investors :  This time it's for real - oil up and up . Maybe i when  oil hits $130 and

[BayStreetWolfTO]

Many investors are looking for instant gratification. As Wild pointed out yesterday this is a game of time. See where the stock price was 12 months ago. CPG is moving forward 1. Debt 2. Buybacks 3. Dividend They have all 3...as the cash rolls in all metrics will continue to improve. Plus we know with Cdn O&G many flippers move name to name...so they sell on earnings day (ussually what we

[bogi]

Sell into strength is well known  to investors -  so, yes a sell  it will be  in case BTE starts climbing  .  But if BTE gets back to $ 9  by x-mas  I still would be o.k. with that .

[BayStreetWolfTO]

Good to have date targets.For me that makes it a zero stress game. I have June 30, 2023 for an initial review and June 30, 2024 for an initial follow-up I think 2023 is where all the excitement will be. For now just taking advantage using divy money.

[JohnnyDoe]

mas....I own CPG so I follow that board. I think there's generally a higher degree of mistrust in that mgmt team compared to say the mgmt team here at bte. I personally was looking for more clarity on future use of fcf and it was lacking. Given what they did say, it amounts to nothing really in terms of commitment. I haven't decided yet how to react to that. I place a premium on being able

[BayStreetWolfTO]

JD, while I do agree they seem to have the pieces. I will admit they still lack clarity I am not looking for "up to" statements just like I am not looking for "discreationary" garbage I also think 75% should be the goal....some of these people don't know how to write positive releases. My release for Baytex (if I was in control) would be something like this...clear &

[JohnnyDoe]

Regardless of the numbers in question, what you typed is clear. "Up to" 50% is not clear. A cynic might say it's intentionally misleading.

[BayStreetWolfTO]

Yes, and I think Cdn O&G shareholders deserve clarity at this time. It really is NOT difficult. I just don't know if Baytex is ready for that plan in Q2 release or Q3 Q3 release we are near the $800m target Not sure how they will play it.

[masfortuna]

Thx Johnny. That makes sense.