Baytex Energy Corp T.BTE

Well into Q4 ...

[HeavyBanana]

... and the company is already set up to beat guidance on those fantastic projections.

[riski]

The December contract is done in a couple weeks. At that point, all Q4 pricing will be in the books. Exceptional quarter for oil prices, and much better than Q3 which was just reported.  

[HeavyBanana]

I've been reading some chatter on various investor platforms that suggest the company put extra focus on Q4 guidance in order to cover up supposed poor Q3 performance. I don't get it. I've always invested on show me what you've done and what you're about to do ....... baseline comparison to projection. Kind of gives direction to my investment decisions, lol.

[clamlinguine]

No one yet mentioned their fcf, the only thing that matters, was under 10%, when it should be double that. Usual bs.

[HeavyBanana]

Free cash flow was decent for the first full quarter of the new company but the focus should be on all the other metrics disclosed that project out free cash flow for the next quarter. No bs there.

[kegman]

So the professionals out there are raising their targets for BTE.  Bashers though feel they can come on here and scare people out of their shares.  This is a not a junior explorer trolls.  Go find another board.  Thanks to my friend who shared BTE with me early this year.  Traders might be done now for me.  Time to put some in the RRSP and watch it grow.  GLTA

[clamlinguine]

They need to change their presentation fcf metrics to match their performance. Blowing 150 million fcf because "they're just new" is bs. imo  This is my biggest holding but I don;t expect my mouthing off is going to hurt anything

[clamlinguine]

Professionals need to ask them why their fcf is 150 million and not 350 million like I'd expect from their presentation. imo

[masfortuna]

 As I said clam, q3 2022, they said tha the fx offset the debt payments and debt remained flat. Not sure why it's always q3 but it is starting to look like a pattern.  As for the fcf, I am tryingto see if the "creative accounting" did not let them use the fcf total as part of the note (150 million  they paid off this q) that would account to the roughly 150 million you

[Cobalt]

yup it is pushing to be the lowest on the energy index

[robert41]

Tourmaline had a similar day after the quarter I took a risk and added a few more this morning I think the pros gave us an opportunity this morning

[robert41]

Here's the trading this morning so far no big sellers anonymous is down a million shares no big deal interesting I'll post at the end of the day see what the houses have done House Positions for C:BTE from 20231103 to 20231103 House Bought $Val Ave Sold $Val Ave Net $Net 2

[riski]

MEG, your favourite foil seems to be doing worse.

[ztransforms173]

- MEG will have it's day in the SUN on TUESDAY November 7, 2023 - will LIKELY report FREE CASH FLOW in Q3/2023 of $ 350+ million z173

[riski]

Yes, MEG is going to have a good report. They are doing all the right things and good value at the current price despite the outperformance of late. 

[clamlinguine]

I submitted my question to the cc. Why was fcf only 158 million instead of double that, according to presentation metrics. Answered. Seasonality. Didn't own Ranger during good drilling time. A good answer. Lumpy spending basically.

[clamlinguine]

I posted this by accident.

[dllscwbysfn]

They said at the end of Sept they had a price of 82.26 for WTI. I am assuming that this is their average for last quarter.Seems to me that when they report earnings they are using actual calander days and not the front month. I think we have just better than 1 month into Q4 and the pricing is a little better than Q3.   I know this has been debated to death but how else do you explain the