RE:RE:Baytex in a UNIQUE position......Weren't you also promoting Pipestone in the same way Uwebb? LOL......but i digress here so let's talk about Baytex.....
Wow 10 upvotes for this post? Are folks here that delusional & blind? The last ime this many peeps ganged up on me this much was on the DM & WEED forums, when i made my analysis/predictions there. And i strongly suggest you look at how those unfortunate situations turn out for those folks there. No amount of "thumbs up" to all those insane, rosy predictions helped them out there as it won't here.
That's the problem when people are infatuated with certain stocks and fall in luv with them and don't see any faults or risks. BTE's debt is GINORMOUS when taking into account ~1/2 their revenue comes those "faltering" Canadian operations. No one in Canada is profitable gas under $3 HH and WTi under $75......NO ONE. Baytex included.........unfortunately.
uwebb329 wrote
"All BTE really needs to do is to keep doing exactly what they are already doing."
Nope.....they do this and in about 2 years ....THEY ARE DONE. They need to eithher divest their Canadian Ops......which i strongly suggest they do OR sell their US assets at a premium... which they can ....IF they want to. Either one of those options works, but the former will be preferable imho. The STATUS QUO will not help here and will definitely lead to the company's demise (and demise doesn't mean ONLY BK) in about 3 years or so. But due to their unique positioning, they can totally avoid that fate IF they're proactive in ther response to current markets and not wait for the problems to start.
That's MoMo 2 cent worth......
BTW between 2016-2024 i called about 1/2 dozen bankruptcies and another 6 or 7 M&A situations in Canada months, years before they happened. So something to think about before you guy keep hitting that thumbs up on these Hopium filled posts ........
Look at the facts not the fiction...............
GLTA