Baytex Energy Corp T.BTE

RE:Josh Young and Baytex management meeting today !!!

[Drifter133]

What's your feeling about Josh's responses to questions?

I know he didn't want to hear about debt repayments and wanted mostly buybacks but I'm happy just as long as all the free cash goes to debt, FCF and or Substantial/meaningful amout of Dividends

 

 

 

 

 

 

 

 

Jamey J (supporting family & friends in )

 

@Jameyjb

·

54m

 

Replying to

@Josh_Young_1

@garquake

and

@reportingLibya

Josh. Did you have positive thoughts after your Baytex meeting?

 

1

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Josh Young 

 

@Josh_Young_1

·

32m

 

Yeah. Not loving their capital allocation approach, but lots of credit for capturing the core of the Clearwater play and keeping the company solvent through a long downturn. On balance, I like them and what they're doing and think they likely earn a premium valuation over time.

 

3

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

Burnsco

 

@garquake

·

27m

 

are you a doing paper or can you expand of where you would rather see money spent or not spent

 

1

 

 

 

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Josh Young 

 

@Josh_Young_1

·

25m

 

Rather see money spent on drilling than debt paydown. At triple digit IRRs you de-leverage faster that way. Can hedge to secure the return if that's the concern. Not sure I'll write an article. Working on a discounted cad -> higher cdn e&p cf white paper now, coming soon

 

3

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

Don Tradeoilstocks

 

@tradeoilstocks

·

19m

 

What did they say when you told them to drill, baby, drill?

 

1

 

 

 

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Josh Young 

 

@Josh_Young_1

·

17m

 

"five year plan." I wasn't suggesting going crazy, just approaching de-leveraging and return of capital less dogmatically.

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Jamey J (supporting family & friends in )

 

@Jameyjb

·

54m

 

Replying to

@Josh_Young_1

@garquake

and

@reportingLibya

Josh. Did you have positive thoughts after your Baytex meeting?

 

1

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Josh Young 

 

@Josh_Young_1

·

32m

 

Yeah. Not loving their capital allocation approach, but lots of credit for capturing the core of the Clearwater play and keeping the company solvent through a long downturn. On balance, I like them and what they're doing and think they likely earn a premium valuation over time.

 

3

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

Burnsco

 

@garquake

·

27m

 

are you a doing paper or can you expand of where you would rather see money spent or not spent

 

1

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

Josh Young 

 

@Josh_Young_1

·

25m

 

Rather see money spent on drilling than debt paydown. At triple digit IRRs you de-leverage faster that way. Can hedge to secure the return if that's the concern. Not sure I'll write an article. Working on a discounted cad -> higher cdn e&p cf white paper now, coming soon

 

3

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

 

 

Don Tradeoilstocks

 

@tradeoilstocks

·

19m

 

What did they say when you told them to drill, baby, drill?

 

1

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

Josh Young 

 

@Josh_Young_1

·

17m

 

"five year plan." I wasn't suggesting going crazy, just approaching de-leveraging and return of capital less dogmatically.

 

 

 

 

 

1