RE:RE:RE:The Nutty Professorchigs1975 wrote: Combined entity had just over 25pct exposure to heavy oil. Way less than other stocks. Heavy oil diffs not a major issue for newco.
im glad at the misunderstanding. That way, when they report strong production over next few quarters, rerating closer to peer group will happen much quicker.
what do you mean "way less then other stocks?" there are majority other stocks without any WCS in their lineup. Baytex has terrible interest rates, major debt, not a normal company. You have a 4.15x net debt to cfo, not good.
with declining wcs sale price and also dropping wti, you are losing badly in q3.
so maybe you're right, if things pick up, baytex offers upside again.
but for now, it doesn't seem bullish. raging river deal isn't sold yet either