RE:RE:Looks Like Reality Finally Set In...NormanBates1960 wrote: Einstein, in Q42015, the majority of their loss was due to non-cash impairment charges, due to the decline in commodity prices. Yes they bled money but it was closer $1 per share from Q42015 to Q32016, not $2.59.
"The net loss in the quarter is largely attributable to non-cash impairment charges of $499.6 million ($419.0 million after-tax) related to our Eagle Ford operations and $45.7 million related to assets in Canada. These impairment charges are directly attributable to the decline in commodity prices."
https://www.baytexenergy.com/files/pdf/news-releases/2016/2016-03-03%202015%20Q4%20PR_FINAL.pdf
Exactly... but people like to post their "opinions" instead of actual facts without understanding or really knowing whats going on with a company. Its pretty easy to pop over from another board and just bash a company that you dont undertand.