BTE is 70% undervalued = "fire sale""
Valuation Baytex Energy focuses on three wells. Eagle Ford is located in the United States, while Peace River and Lloydminster are in Canada. Together, their present net value is $5.92-6.61 per share based on a US$1 to $1.10-1.25 foreign exchange rate. This indicates Baytex Energy’s shares are discounted by 33-40%.
In another perspective, Baytex Energy’s price-to-book ratio is 0.3. So, based on the book value, the shares are 70% undervalued."
Quoted from fool.com