RE:Financial ratios which one to choose ...
Great read red, very detailed with exciting prospects for shareholders coming soon. The past share prices compared to WTI average , past debt, along with outstanding shares has no comparison to what's headed our way. Back in the glory days, Baytex was $45 plus, paid a very juicy dividend but with much less shares, approximately 75% less. They had much lower production, don't have the data for capex, less reserves etc. It's not as simple comparing in the present vs the past. We all could agree regardless that we're shareholders that this stock should be trading at $8-$10, today. They have a under 2x P/E ratio, it's rediculis, and yet here we are trading under $6, what? I hope that we reach even half of your numbers projected. That's the big question, why are the people in the know not loading up on this? What if they buy their shares back, pay down their debt and the stock is still trading at 2x earnings? Does this mean we get a 50 cent per share dividend paid monthly? April 28th better impress or it will be more of the same.