RE:RE:Cash on hand, and monthly cash burn for Baytex70mill a month? how on earth did u even get to that number?
q2 they had 27m loss in net income and spent 110m in capex.
quick math, loss of 42Mill/month. I expect q3 to be around the same levels ( loss in net income to increase but the capex number should come down).
q4 they will save 60m in dividents.
in 2016, I expect (at current prices and equally distributed) 20-30mill loss a month. I expect to exit 2016 with 2.3mill of debt ( if prices remain the same).
Even so, i am a stuckholder, holding over 50k worth of stocks at an average price of 11 bucks. I believe they will survive and in a few years I will be rewarded for the pains of today.
I do agree, we need more people to go bankrupt or a major war before the trend bounces up. I think we'll be here 40-50 at least till 2017 :(:(:(.