Baytex Energy Corp T.BTE

Risky disappeared after being so wrong

[Nothingmatters]

Other pumpers will disappear too...soon enough

[riski]

Nope, still here and enjoyed adding at $4.38 and $4.56.  We are heading toward a global energy crisis. The payoff for investing in energy stocks is going to be unfathomable. WokeLemming thinks everyone should have sold at $9 (and crystalized all those capital gains for tax...ouch!), but $9 is going to look very cheap at some point in the next 18 months, possible quite soon.  BTE is in

[riski]

Trying to post chart again...

[red2000]

Hi Riski ! Do you find your chart ? I'm also looking for it but without success...

[riski]

I couldn't get it to post. It's not on a website, so I can't just link.  You may have to just go by my description. It is a bar chart with a couple dozen mid size companies on it showing CFPS sensitivity to WTI. BTE is among the highest with 16% CFPS at $70 WTI and 24% CFPS at $90 WTI for 2023. Looking deeper into their data, they are underestimating post Ranger production to be

[JohnnyDoe]

Riski, I agree that it's an incredible opportunity that eventually cannot be ignored.  But I think you're a bit ahead of yourself on 2024. They probably can pay a buck a share divvy on 70+ wti, but not until they hit the debt target of 1.5 B.  My understanding is that at 75 wti they'll hit that debt target in mid 2025. Looking at the various slide shows I've seen, I

[riski]

Yes, thank you, I wasn't intending to mislead. I was discussing generally about how much cash flow is generated to emphasize the largesse, but ignoring the plan to aggressively reach a debt target and buy back shares.  You are absolutely right, they will not be paying a dividend of $1 a share in 2024 because the plan is to use FCF to attack the debt and share load - which are shareholder

[Nothingmatters]

I commend your persistence and pumping

[JohnnyDoe]

Let's be honest. Few on Stockhouse have the dedication to their craft that you have. 

[Stalkhouse]

This post has been removed in accordance with Community Policy

[GambinoB]

Yep, good traders stick around pumpers leave but so do the clowns Snowball and Cobalt classic horrible traders Completely missed the upsdie  Falling knife lmfao Yeah falling knife right into my apple pie with the proceeds Ice cream any one or how about a SNOW cone Lmfao Cowards basb and run cant fzce the musoc and admjt they were wrong. No worries man i await snowcap and that