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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Comment by Kelvinon Oct 11, 2024 10:05am
116 Views
Post# 36262515

RE:RE:RE:International ETFs and Mutual Funds abandoning Canadian oil

RE:RE:RE:International ETFs and Mutual Funds abandoning Canadian oilYeah when you map (project) the macro factors (oil price, interest rates, inflation, treasury yields, geopolitical risk premiums etc) onto the micro company levels (breakeven costs, netbacks, debt structure and levels, debt to equity, fcf yield, net income, etc) then you quickly realize that different companies perform better than others in a given set of macro  conditions because they are exposed to differing degrees to changing macro conditions. 

That's why I LMFAO when Nuttal comes on and presents his amateurish, iirrelevant charts correlating fcf to only the one factor of wti. Then he yaps on about fcf yield. He doesn't even explain how he defines it. But I know that it's not the GAAP definition. Baytex does define their fcf yield. Also not GAAP.

Anyway based on his useless correlation between fcf and wti he had projected that bte would be $19 sp by now. You can youtube or google to refute me. But I did see the video back in 2022 where he did make that dumbass, ill- conceived, doughy brained projection. And most people bought it. That's why Frank plays the momentum of the suckers. And I'm finally learning what contrarian investment means. Bet against the crowd because most of them are dumber than a sack of hammers.
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