RE:RE:RE:Advice please - Baytex Energy?555rookie555 wrote:
Thanks Boulter. It looks like Baytex's PE is extremely low (just under 2)! There is no easy money for sure but for me energy outlook is positive and it's a bit too early to buy some of the natural gas pipeline companies I'm interested in which I anticipate a will dip a bit in the summertime/fall. Any idea why Baytex PE is so low?
Yes, much of the recent earnings are reversals of writedowns made back circa 2020. You would have to read the financial statements to properly interpret the situation. Don't be fooled by the PE=2, it is artificial.