Baytex Energy Corp T.BTE

My last post: Only 1 Typo?

[Leewardcape]

Last entry should read Apr 30 2023... To counter all the negativity as a result of yesterday's price action...

[fortunefavorsus]

I believe there was a consensus of great expectations for BTE.  The negativity was of the general economy and those fleeing stocks in anticipation otherwise I believe BTE would have rallied to close green.

[dandu1924]

I think so too about BTE. And yesterday on the TV news, one guy  in the financial stuff said "  Friday has been in correction mode ( for  a short time ) and all the fundamentals are still there  for a long term. So Yesterday we were in negative as the Dow Jones and others stocks markets. Just holding your shares like the  real investors and  2022 should be 

[1234bmth]

BTE's SP drop was mainly due to earning report and got further hit by overall market negativity, the investors reaction yesterday has a clear message to management that they want a moderate drilling growth not aggressive and priority should be strong balance sheet and then return to shareholders. If BTE doesn't take the advantage of oil +100$ to reduce its debt to a reasonable level and

[fortunefavorsus]

You appear not to understand this company at all!  Clearwater drillingis paying for itself in weeks at these prices.  So it will be really stupid not to take advantage.  As related to debt where have you been they are paying down massive amounts.

[1234bmth]

So, if you know all these advantages you think those who sold off yesterday they don't know, where do you get this information that Clearwater will pay for itself in weeks? As for debt we all know how much they pay, they pay the excess of FCF each quarter which was $137 in Q4 and $121 in Q1. and I don't remember the numbers before Q4. Now they are reducing the power of getting debt down by

[BayStreetWolfTO]

Exactly my point....research...and yes to the first question.

[lensgto]

I remember reading the Clearwater wells cost between 1.2 and 1.5 Million dollars each just can't find the info. Here's what I did find Source: Headwater Exploration Investor Presentation Declining drilling and advances in drilling technology mean that they can drill these wells quickly and extremely accurately. These are mile long laterals a couple hundred feet apart.