RE:New low- you are FORGETTING that BTE is GETTING VERY GOOD at WHAT THEY DO
* they are BECOMING ONE of the BEST OPERATORS AROUND and are CUTTING COSTS and IMPROVING PRODUCTION on a LATERAL FOOT (METER) PER UNIT BASIS
- WHEN the PRICING CYCLE MOVES {and IT WILL}, Baytex Energy will GENERATE TREMENDOUS FREE CASH FLOW
- they have DERISKED the company by PUSHING FORWARD the HIGH-YIELD USD 575M Notes FIVE YEARS DUE to March 15, 2032
* with HINDSIGHT, this was a FANTASTIC MOVE even though it COST the company ~ $ 50 million in FEES and EXPENSES
z173