Baytex Energy Corp T.BTE

Book Value

[Marky1]

Is $5.28.... be nice to get there!

[Unlucky13]

The company claims $2.78 for a Net Asset Value.

[TrendSwapper]

And their market cap is?

[Chris007]

False Its not that complicated... Step 1. Find Shareholder's Equity as at December 31, 2020 on the balance sheet, which is $578,213,000 Step 2. Find shares outstanding as at December 31, 2020, which is 560,657,000 Step 3. Divide Shareholders Equity by Shares outstaning ($578,213,000/ 560,657,000)  *Drum roll, please* = 1.03/share

[Unlucky13]

Thank you for giving us some real talk and facts.  I am not sure where this guy came up with $6 a share!  The company suggests assets can be sold for $2.78 a share.

[JohnnyDoe]

DCF is common financial analysis. You should try to understand what it means. Maybe learning it, you wouldn't find yourself so unlucky.

[Marky1]

I am with TD Waterhouse...On the BTE page it says Book Value is $5.28....check it out

[Hendrick3]

I am with Qtrade and many of the data points are outdated. The poster before was correct. The book value is just over $1 for BTE. Interesting though that if you look at book values for many oil and gas companies, the book value is less than the stock value. For example WCP has a book value of just over $2.25 per share and trades at almost $6 so it seems book value is not a very strong indicator of

[Hendrick3]

That last example was Obsidian 

[Chris007]

Obsidian had a 1 for 7 reverse split back in 2019, hence the unusually robust-looking book value...the reason was to remain in compliance with NYSE in order to keep their dual listing...However, I guess they eventually delisted anyways in 2020

[Unlucky13]

Provide the link, 568 million shares are outstanding, can't see how book is $6, to the other poster I doubt this has anything to do with discounted cash flow and future value.

[Chris007]

The TD data is a year old (2019). If you pull out the 2019 year end financials (https://www.baytexenergy.com/files/pdf/investor-relations/Financial%20Statements/BTE_YE_2019_FS-FINAL.pdf),  here is what you get: Shareholders equity: 2,947,209,000 Shares outstanding: 557,048,000  2,947,209,000/557,048,000 = 5.29/share