RE:Intelligent investors Yeah, that CEO sucks. Baytex seems to be run by a shadowy group in the US. No real concern for Canadian shareholders because they are gleefully overcharging for their E & D right under the noses of investors.
Did you know that most of their E & D, as I understand it, is simply to maintain their present oil flow?
Can you imagine spending 35%+ of your income on every dollar for that?
MEG energy spends way less per dollar to maintain the flow and this year alone will improve the flow by over 4%, whereas Baytex is talking 2028 - by which time they will have spent more than the value of the whole company on E & D to maintain oil flow.
Good luck.