RE:Baytex is a joke since new CEO took over Agree. To be fair, the decision to buy the US shale play would have been approved by the BTE Board of Directors (BOD). The CEO reports to them but, would have laid out the reasons for the BOD to approve the purchase - it lays at his feet. Too much debt, too many shares and too many unkowns surfacing at each quarter.
Yes, I understand that CAPEX is heavily weighted in Q1 and Q2, but to use all of the FCF for CAPEX and to report a loss in Q1 is hard to understand.
GLTA