Perception Whitecap V Baytex (must read)It is always interesting to analyze others perception.
I saw the comment debt laden batex relative to WCP...here is the thing if you compare BTE Q3 to WCP Q1 debt and FCF Baytex beats...
Whitecap Q1 release April 29th
April 29th share price $5.52
Q1 WCP LTD = 1.4B
Q1 WCP FCF = 69M
20.3x LTD v FCF
Baytex Q3 release November 4th (my estimates)
October 28th share price $4.07
Q3 BTE LTD = 1.4B (my estimate)
Q3 BTE FCF = $140M (my estimate)
10x LTD to FCF
This is WHY Baytex has upside....uninformed investors still view BTE as debt laden
2021 changed all that and people don't yet know.
When people don't know I see that as a buying opporunity...