Baytex Energy Corp T.BTE

RE:RE:RE:RE:RE:Understand the markets are suffering but $88 WTI

[Snowballer]

Unlucky13 wrote: The problem is 48 percent is hedged with draconian terms and this negates the $88 price and massively handicaps them when paying down the debt. Wrong. The other 52% allows for generous expedience in paying down debt while the other 48% serves as protective secure CF to also pay down the debt.  They are limited in their ability to pay down debt even with oil above $85.  MEG has no hedges, good for MEG but who cares this is BTE. management was forced into terrible terms by the banks.  Maybe in 2023 the industry lagging hedges can finallly come off the books.  Can you wait 12 months? Most of us can wait 24 more months or longer lol I think the earnings will be ho hum February 24th with still over 1.3 billion in debt due. I think they will exceed our expectations. That means no actions to increase shareholder value. Wrong. No dividends or buybacks. Um, just wait until June.  MEG has no hedges and may actually rid their debt faster than BTE.  BTE used to be worth more than MEG it now trades at a third the price. You know you need to adjust for market cap, be better.  We picked the wrong horse.  All of us. Only you did. None of us bought a $50 horse.

BTE still walking like a sideways duck.  At $70 oil this will drop 25 percent of it's value.

The rate of debt reduction and increased CF is already at a point of locking in value that ultimately will pay off huge even if oil stayed at $70 for 5 years.  We alreay won if oil stays over $65