Baytex Energy Corp T.BTE

Many on this board even forcasted by eoy divi

[Snowballer]

or 1st quarter of 2023.  I think it was pretty clear that BTE indicated a "combination" (their word) of buybacks and dividends beyond just debt repayment.  Sure, perhaps its my fault and I read too much into it... that's what the market including ERIC N. wants.  If I were him, I'd sell at the next top... why wait until 2024 to get paid when we are headed into a global recession? Take profit and buy something that pays a divi by a mangement team that keeps its word.

[JohnnyDoe]

so you keep saying mgmt isn't keeping their word but you can't point to where they've broken it. Does a bunch of guys hoping or forecasting a dividend mean it's going to happen? Do you ever deal with IR? Ask clarifying questions when you are perhaps reading into things. Maybe you should. If you're interested I will privately share my correspondence with IR which will make it

[Snowballer]

I think its a bit of both (me wishing and what I think they've acutally said)... I feel as tho managment had published an intention to pay an unspecified dividend amount at a very specified pre-determined multiple/debt benchmark.  Was it binding... no. So I hear you.  And yes I'm admitting that I am perhaps conflating my wishes and what I think is miss-representation to some

[JohnnyDoe]

I'm pretty near to retirement. No pension. I need to live off my investment portfolio so dividends are pretty important to me. I dumped wcp not long ago because of trust issues after their latest acquisition and moved the money into CJ. With Baytex, pretty much one year from now at stable oil pricing in this neighborhood, they are generating 1b in fcf, have maybe 460m in shares outstanding

[Snowballer]

Yeah I thought about that too... a new CEO could be a game changer in a good or bad way.  I liked Ed.  Interesting to hear you sold WCP for "trust" issues.  I can understand the sensitivity you feel if you think I'm making accustions against BTE than... I guess I was/am lol but I agee with you that BTE is a FCF machine.  But I'm bothered that I don't

[JohnnyDoe]

wcp was talking about returns, debt targets and potential m&a. They made a sizeable acquisition pushing debt way up and they NEED oil to remain at strip to repay that debt in a timely manner. That deal may pay off handsomely for them but it comes with risk. Lower oil prices, high interest prices, they're back to square one. I stepped off because of that