RE:Going Forwardgareez47 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.
their latest presentation states they have 215 M proven plus probable barrels of reserves at Eagle Ford. Which, frankly shows you how undervalued the company is. At 80 dollar oil, what is each barrel worth?
I've wondered about the possibility of selling the eagle Ford, retrench to Canada, buyout a company like TVE and take a commanding piece of the Clearwater. TVE has a market cap of 1.9b cdn. What do you think the eagle Ford reserves sell for? 10 bucks a barrel says 2b+ in US currency. Knock some debt off, instantly be at 100k barrels a day. Or HWX. Same guys that ran Raging River. Been there. Done that. Do it again.