RE:RE:RE:BaytexSir Eric of nuttall described it perfectly. These small caps are illiquid and too difficult to get a meaningful position in, never mind get out. In Canada the small cap cut off is about $1.5 Billion market cap. The USA booted eca to a small cap last year. There are very few institutions that buy small caps and Eric has the only long only traditional mutual fund that invests only in energy stocks. So it's not that all the institutions have a negative view, it's that everyone buys index funds and ETF funds now and NONE of them are permitted to buy small cap energy names. EVER. Sounds stupid, but after BTE doubles or triples again, then the mid cap managers will be allowed to buy it. All the energy names were booted from the tsx index last year and the year before but again, if they all double and triple again, they will be added back to the index and all those genius index managers will be FORCED to buy. Sell low, buy high is the dirty secret of index managers. With some foresight you can make a lot of money and ROFL as you oblige them with BTE stock after it gets added back to the index. Sorry flippers, it ain't gonna happen tomorrow, next week, next month , or probably even this year.
1234bmth wrote: Based on Mar presentation. It shows clearly FCF:
$50 WTI = $150M
$55 WTI = $225 M
$60 WTI = $300M
$65 WTI = $375M
The point is that analysts and institutions managers know better than us, yet they are not stepping in, why?