Baytex Energy Corp T.BTE

Josh Young and Baytex management meeting today !!!

[red2000]

Confirm by Josh on Twitters, Meeting probably after market !!

More details coming from Josh !

[Drifter133]

What's your feeling about Josh's responses to questions? I know he didn't want to hear about debt repayments and wanted mostly buybacks but I'm happy just as long as all the free cash goes to debt, FCF and or Substantial/meaningful amout of Dividends  

[Drifter133]

Okay I missed his wanting more drilling before debt payments

[BayStreetWolfTO]

Drift, I did look at the comments from Josh. A couple items: 1. From what I have experienced over the years American tolerance of debt is higher than that of Canadians. I am quite happy with the mindset of eliminate the debt and tell the banks to go you know where. At these prices that can happen in 2023 so why wait for 2027...makes ZERO sense. 2. Remember some of these guys are looking for

[Drifter133]

Josh just seemed a little disappointed with whatever meeting he had with them. I really don't know what he wanted from the meeting because they've already told everyone their plans for the FCF, 75%-25%. Maybe he was hoping they'd change plans and use half the 75% debt FCF toward Clearwater drilling?  I'm with you Bay, save interest payments to the banks!

[jdmecomber]

They re drilling.   Can't make everyone happy

[jdmecomber]

Yeah.  He says more drilling, but at the same time says many drilling components, rigs and crews are hard to come by.   Maybe they just don't have the man power!