Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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... see more

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Baytex Energy Corp > Attacking oil companies good for shareholders.

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Post by BayStreetWolfTO on Jun 21, 2021 5:07pm

Attacking oil companies good for shareholders.

I used to think the constant attack on oil was a negative for the industry. However, consider the idea that it improves shareholder potential. Lower investment and a switch in management mindset to pay debt, buybacks and dividends will be a transformational shift.

Rig count is an interesting data point but no one can argue where we are now versus a while back pre-covid with $70 oil. Facts are facts ROIC is the new world.

While there is the saying history has a tendency to repeat. I think oil companies may now understand the old business model no longer works.

Consider the following

https://oilprice.com/Energy/Crude-Oil/Climate-Activism-Is-Great-News-For-Saudi-Arabia-And-Russia.html

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