RE:Long term view...Most of the O&G producers update their reserves recently !!!
Baytex with Clearwater has good opportunity to upgrade it's reserves substantially.
15,000 bbl/d for 10 years X 300 days per year === 45 Millions bbl.
At 70$ US WCS with an exchange rate of 1,25 === roughly 4B$ in revenues !!!
$400 Million per year !!!
Paid in only 3 months, let's use only 40% net earnings it's 160M$ of FCF.
Divided that by an avg of 450M out. Shares === 0,36 per share of dividend per year or 3 cts. per month.
Just with Clearwater !!!
Gl Longs !