Baytex Energy Corp T.BTE

Thoughts about BTEGF from IV board

[drifter699]

How does everyone feel about this post on the IV board?

https://www.investorvillage.com/groups.asp?mb=19168&mn=336905&pt=msg&mid=22163522

[drifter699]

BTE July Presentation   "What's not to like Q1 2021 Highlights Operational Execution • Production of 78,800 boe/d, up 12% from Q4/2020 • E&D capital of $84 million, consistent with full-year plan • Successful exploration well on our Peace River Clearwater play Free Cash Flow Generation • Adjusted funds flow of $157 million ($0.28 per basic share), a 91% increase over Q4

[TheCrow]

First of all.. thanks for posting this, generated some fun discussion and responses! anyways..I'll be brief...some inaccuracies forsure that have been pointed out be others, maybe some justifiable critiques of management. Personally I don't think management has been particularly ahead of the curve but here we are and I think things are definitely looking pretty positive for bte... are we

[TheCrow]

Thats 1.6 and 250 at q2 earnings

[calebmar]

their info is not accurate. 47% of production is not hedged at $45 etc. Twisting words. Yes hedges across industry not amazing. This is a result of risk earlier in 2021. But that post has clear intentions as do you. Read the presentations for info rather than random bullboard if you want to know the hedges

[Antonyius]

because of baytex's debt levels, sometimes hedges are requested as part of financing from the banks the hedges suck, but baytex really can't risk a crash in oil again, when they bought aurora no one expected oil to come down like that Remember hindsight is 20-20 but baytex isn't really in a position to be risky

[topdown99]

I agree with your assessment Antonyius , BTE was forced to put those hedges on by the bank and keep in mind , they run out in 6 months . Also the hedges ceiling is $55US on average , not $45 . As for the CEO Lefehr , last year he bought 358,000 shares in the public market . Say what you want but if the CEO is buying his own shares , I take that as a very positve sign . The Q2 results are due in a

[rockman998]

The theme of the message from the Investor Village Board is that BTE has lousy management with examples. BTE does have lousy mangement. Although they have been forced to place poor hedges by the banks, it was BTE mangement that got them in that position. They over paid for poorly timed aquisitions, diluting shareholder value, and cut capital spending resulting in reducing their output. Management

[topdown99]

I find it funny that the biggest critic's of management have never managed a damned thing in their lives . Monday morning QB's , analysts (pro or amateur) all think they could do it so much better . Opinions are like a$$holes , everyone's got one  

[rockman998]

The purposes of a discussion board is to give opinions on stocks both postive and negative. It would appear your only opinion (other than being the Wolf's cheerleader) is that you don't like to see anyone critical of the comany and management.  It is easy to be crtical of poor management. This company was better off with Bowzer. Lafehr manages like an accountant with risk aversion and

[Antonyius]

I wasn't a fan of Bowser because he put Baytex in the original predicament with the aurora acquisition. Then he basically bailed because the financials were bad. I did NOT like the raging river acquisition at the time because it tanked the share prices, but someone explained to me that without the cash flow from raging river acquisition the company probably would've folded so he did what

[rockman998]

I agree the aurora deal wasn't good for the company either; but I understand it was more a board decision, although Bowzer's background made him a key player. I thought Bowzer left because of the deal. The Raging River acquistion just made things worse. The stock price was @$24 before the acquistion and $4 near the end of the year, then recovered to $9-$10 later. I understood one of the

[Antonyius]

Hey I think you remembered the prices wrong. The stock price closed at $4.36 on June 18 when they announced the deal. I was pissed because they had just tested a recent high of $6 back in May and the stock just slowly diminished afterwards.

[topdown99]

Hey rockman , I don't know if that was directed at me or not . If it was , let me say this . The one theme I keep hearing is the "mistakes" of years past , I am looking forward not back . I am lucky in that I have only been here for less than a year , I look at where we sit today and where we are going . So if I seem "overly optomistic" or "too enthusiastic"