Baytex Energy Corp T.BTE

Nuttall

[jimitwist]

Seems to have been upset with management for a year, they have been paying down debt, instead of doing buybacks or paying a dividend. To me, concentrating on getting the books in order is more important than raising the share price.

[red2000]

Right Jimitwist ! As a senior portfolio manager, he must diversify is portfolio, Capital gains are not enough to reassure his investors, with all happen in the last 5 years in the energy sector. He said, he's looking for advantageous dividends of up to 10% per year ! It's huge ! Not sure if small and midcap energy stocks are interested at the moment to offer this yield ! Only

[BayStreetWolfTO]

Red you are exactly right. Important to know 1. For Eric and his fund dividends are VERY important vs Buybacks WHY? It is tough to time a "point in time" buyback when he flips so often so this doesn't give HIM value versus a dividend (unless the company is doing both) He just wants the dividend and flipping the ratios.  Which to be honest is good with ALL Canadian Oil and

[jimitwist]

He was on, maybe a year year and a half ago, he said he met with management and suggested buybacks and dividends, he seemed more upset that they didn't listen to him than anything 

[BayStreetWolfTO]

Baytex Management has it right! 1. Debt 2. Share buyback 3. Dividends I agree 100% with Management! On a side note it's not often a fund managers admits on TV "I sold and it was a HORRIBLE sale"....the dangers of flipping.... Now he needs hope/wait for a pullback....that is even more dangerous for shorts! Another reason I would NOT want to be short...a drop could trigger Eric