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JohnnyDoe wrote: HeavyBanana wrote: Marty47 wrote: Well poor management finally realised oil won't hit 100$ anytime soon , we discuss many time here Baytex is all over the map ... you can't do well when part of your business is USA ans part Canada and you have big debt , many time in the past management said "it's not in the cards to sell USA assets " hahah yes when your debt is low, time to sell stuff , get you manager and move to Canada , Justine gone now , cut expenses and develop home and hopefully someone with buy this company soon like whitecap bought Veren ... winner buy loosers Management has always said they are using EagleFord to help further advance Duvernay. Baytex/Gibsons is now built out infrastructure wise so Baytex now has the means to get Duvernay volumes of commercial scale out to market, hence, it makes a whole lot of sense to feel out the potential for an EagleFord exit at this time. Baytex will not come out in the red on EagleFord acquisition even with WTI down here. It played its role ... it's role could still be useful on a go forward basis but if an acquirer comes in at the right price ... you do the deal, clean up debt and allocate the balance towards a number of potential go forward acretive avenues. Cleaning up Rangers work (optimization) and figuring out the refrac has added value to the EagleFord package and the EagleFord package has been instrumental in adding value to Duvernay. I am certain that Juniper will be handled decisively if/when the EagleFord sale comes to fruition and that is another benefit in and of itself. Baytex goes up with EagleFord or without (for the right price) ............ the question is which avenue provides the biggest advantage to the stock price relative to the outstanding shares. I'm leaning towards exiting EagleFord at this point and going full throttle on Duvernay. Could get back to 100,000 barrels per day or better pretty quickly after the dust settles on the sale of EagleFord,imo. They haven't always said that. In fact I don't think Eric has ever said that. You're implying the move into operated assets in the EF was to generate fcf to fund the expansion of Cdn assets. I don't recall that ever being said. They'll do well to escape the EF with their debt wiped out and some money in the bank to hunt for an acquisition.
HeavyBanana wrote: Marty47 wrote: Well poor management finally realised oil won't hit 100$ anytime soon , we discuss many time here Baytex is all over the map ... you can't do well when part of your business is USA ans part Canada and you have big debt , many time in the past management said "it's not in the cards to sell USA assets " hahah yes when your debt is low, time to sell stuff , get you manager and move to Canada , Justine gone now , cut expenses and develop home and hopefully someone with buy this company soon like whitecap bought Veren ... winner buy loosers Management has always said they are using EagleFord to help further advance Duvernay. Baytex/Gibsons is now built out infrastructure wise so Baytex now has the means to get Duvernay volumes of commercial scale out to market, hence, it makes a whole lot of sense to feel out the potential for an EagleFord exit at this time. Baytex will not come out in the red on EagleFord acquisition even with WTI down here. It played its role ... it's role could still be useful on a go forward basis but if an acquirer comes in at the right price ... you do the deal, clean up debt and allocate the balance towards a number of potential go forward acretive avenues. Cleaning up Rangers work (optimization) and figuring out the refrac has added value to the EagleFord package and the EagleFord package has been instrumental in adding value to Duvernay. I am certain that Juniper will be handled decisively if/when the EagleFord sale comes to fruition and that is another benefit in and of itself. Baytex goes up with EagleFord or without (for the right price) ............ the question is which avenue provides the biggest advantage to the stock price relative to the outstanding shares. I'm leaning towards exiting EagleFord at this point and going full throttle on Duvernay. Could get back to 100,000 barrels per day or better pretty quickly after the dust settles on the sale of EagleFord,imo.
Marty47 wrote: Well poor management finally realised oil won't hit 100$ anytime soon , we discuss many time here Baytex is all over the map ... you can't do well when part of your business is USA ans part Canada and you have big debt , many time in the past management said "it's not in the cards to sell USA assets " hahah yes when your debt is low, time to sell stuff , get you manager and move to Canada , Justine gone now , cut expenses and develop home and hopefully someone with buy this company soon like whitecap bought Veren ... winner buy loosers
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