RE:Baytex Energy Should Be Close To Its Break-Even Pointa good analysis and concurrent with what everyone is saying about bte
high debt to cash flow,
good expense control
lots of great potential
one caveat that is relevant to all oilco's now is a rapidly improving oil price , bte is probably a better candidate for the slingshot effect with oil since it has dropped more than most but the key is for them to be able to get the shutin oil back onstream at profitable prices , then, and only then will they be able to increase production . bte has a great management team but cannot do the impossible and are held captive by overproduction worldwide . I still see this as a show me year in 2016 with great entry points and a take off year in 2017 where the patience will pay off with a very small dividend introduction. With depletion rates at 55 % in thier Eaglford land they will need an improving landscape this year and the latest 2017 to get thier Canadian wells back into production