Baytex Energy Corp T.BTE

buybacks likely reporting next week

[2021Gamble]

So if you look at the history, the last 2 months Baytex reported their share repurchases for the previous month on the 5th....

So expect some real good news next week

Cheers

[dllscwbysfn]

 Events & Presentations – Baytex Energy Feb. 2024 

[2021Gamble]

Well that presentation has the shares at 822 million That's only a 1 million reduction from the December presentation Oh well

[robert41]

They only bought back 2.5 million shares in December should we expect much more I don't know... given the huge float it will take years for buy backs to really support the price. I just think the buy backs at this point are a nothing burger.

[Marty47]

it will be better once the debt is down to 1.5 b as 75% of free cash flow toward shareholders , again we dont know the future , we may get to 90$ wti at some point , again thing will get faster once under 1.5 b debt

[dllscwbysfn]

If I was guessing they might have spent there FCF on insurance and land purchase.

[HeavyBanana]

One of  the positives of share buy back through the open market is flexibility. If your guess has some validity it's for good reason and sound business management. The CRA issue has been derisked with a known fixed cost. It was a smart move. The recent acreage acquisition was also sound business decision considering location and what they now know about the potential of the play.  

[dllscwbysfn]

I didnt say this wasnt a good company. I just like companies that sell me a plan to actually stick to the plan.

[HeavyBanana]

So where did Greager deviate from his plan when it comes to share buy back, dividend distribution and debt pay down as that relates to derisking the tax issue and the recent acreage acquisition?

[dllscwbysfn]

So E and D goes up by 200 - 400M. Then insurance for 60M. Then land purchase for ???. 6 months ago none of these things were part of the plan. As for debt, Q3 sucked and we wait for Q4 results.

[HeavyBanana]

Debt is manageable and isn't as far away as some might think when it comes to getting the ratio they are looking to get 75% return to investors.  The other three  points are board level decisions that are made for betterment of the company position for the long term. E&D ....... it's part of the business, you need it.   I get you hate the debt level. I'd like

[dandu1924]

Just matter of time,  and BTE will reconize as supposed to be and  this low price share period we should take advantage to buy more, This is what I am doing actualy and watch the best window to buy more. Still 2600 shares to buy .

[ARealityCheck]

There won't be any celebration. Only 3 days share volume > avg. Nothing to see here.