RE:Going Forward Goood comments. This has been in the back of my mind as well. In 2 to 3 yrs this will be very important giver the 10 yrs or so of proven reserves if I remember correctly. But we should be in a great position to make moves as needed.
gareez47 wrote:
Many on this board make predictions about the price going forward. Many on this board make predictions about FCF as well. In all this what I am really looking at is proven and probable reserves as Eagle Ford, the whole field not just the Baytex holdings, is depleting at a good clip. Further I see that some Clearwater wells nearby the Baytex holdings are showing some declines as well. I hope the year end Statements include a revised proven and probable reserves list. That will determine how long I stay with Baytex. Oil Price will be what it is and production will be what it is, but for how long is the big question otherwise FCF has to be diverted to aquisitions. My opinion only.