Last 12 months, BTE generated $1 BILLION in cash flow!!! "Business overview
Baytex Energy produces 84-86,000 barrels of oil equivalent per day. The business has a market cap of $846.6 million. Its S&P credit rating is BB, and it has a debt-to-cap of 35%.
In the last 12 months, it had an operating margin of -28% and earnings per share of -$2.4. Yet it was able to generate over $1 billion of operating cash flow. Subtracting the capital expenditure, it’s left with $371 million of free cash flow."
Once the attack on BTE and oil stops, expect HUGE surge to the oversold condition of BTE.