RE:Should Baytex sell off Canadian operations? I am just guessing here. But if you think your company is undervalued, you pay off all your debt and now you become a target for takeover. The other companies will see the value and you wont get the value you deserve. Yeah the other company will pay a small premium but not the premium you would get when the company slowly pays off its debt and grows its assets.
I think the worst thing would be for the company to be debt free in an enviroment where we are so undervalued.
I personally dont want a buyout for a 20% premium, I want the 200% share price growth.