RE:Birchcliff vs Baytex Wildfury wrote:
I was comparing BIR VS BTE daily production numbers and they are basically the same, 79,000 - 81,000 bpd. Birchcliff is trading at $6.87 vs $4.52. Birchcliff has no hedging on its production compared to BTE 40%, with less than 300 million outstanding shares with less than $700 in debt. Once Baytex gets their debt down to these levels as Birchcliff and buy back their shares, the stock should be trading in the $7-$$9 range IMOP, any thoughts on this comparison?
you shouldn't compare companies based on share price. A better comparison is market cap. Baytex is currently roughly valued almost 50% higher than birchcliff. I also wouldn't compare these two companies because although they are both in the oil and gas industry, Baytex is an oil company and Birchcliff is a gas company.
better comparisons for bte would be cpg, wcp and TVE.