RE:The long term bull case for Canadian oil Stocks...red2000 wrote: with Shubham Garg !!! Very good professor !! Like Josh Young !!!
Very interesting, for new buyers, good opportunities to understand what is going on in all the aspects of energy sector !
https://www.youtube.com/watch?v=2ltxEYPBaMM&ab_channel=shovel-stocks
For my point of view, mid producer (over 60,000 boe/d) will make much money to maintain production and give what their shareholders want.
Baytex had all fundamental factors :
High FCF === Shares buyback, paid debt faster, Dividends and possible acquisition, don't forget CAPEX to maintain production level !!! Don't forget oil is harder to find !!!!
But, Baytex don't need to do new acquisition, compare to small cap producer who don't have enough ground facilities, and properties.
Good net assets value (reserves and equipment, etc)
Keep production level or replace it with a high margin !!! Baytex will do that faster !!!
Sound interesting to have your comments on it's 3 top picks !???
SGY, ARX, MEG !!!
I think he will change is mind and added Baytex after Q1 !!!
Please do your DD it's your money !
Red2000 Thanks for sharing this video : some great points to take from this 1) This summer will be huge 2) 3 to 5 year cycle 3) oil to stay higher for longer 4) small to midcap have the most upside Torque 5) Canadian Company's have extra Torque vs U.S. 6) Shell decline rate 1 to 2% year over year 7) Management receiving more Bonuses now from more FCF and not more oil production.