Baytex Energy Corp T.BTE

OXY vs Baytex... same strategy !

[red2000]

Buffett Keeps Buying Occidental Petroleum

The price action in Occidental Petroleum has been range-bound for the last two years and may not break out of the range soon. However, the stock retreated to the low end of the range in December and sparked another round of purchases by Berkshire Hathaway. This is not surprising; the $58.50 level has marked the “Buffett Buy Zone” for the last two years and triggered multiple purchases by the same.

The question is, if Buffett is an investing genius (he is) and he keeps buying Oxy stock, there must be a reason, and if there’s a reason for him to buy it, it makes sense there’s a reason for the average investor to own some, too.

That reason is cash flow. Like all the major oil companies, Occidental is experiencing some of the healthiest cash flow in its history. The combination of tightened OPEC supply, stable and growing energy demand, and record non-OPEC production has the industry set up to do the same in 2024. What this means for Occidental is an opportunity to pay down debt, improve its capital structure, strengthen its balance sheet, buy back shares and pay dividends—a total package for investors.

[red2000]

Investing 101 : I quick outlook of FCF Yield !!! The “  free cash flow yield  ” (often abbreviated “FCFY”) or “free cash flow yield” is an indicator of the valuation of a stock or an index. It is based on the notion of "free cash flow  "  , which is the cash generated by the company's activity once it has paid for its investments, in

[red2000]

Look at the 2 charts below :  How fast the FCF Yield of Baytex increase !!! Some comparaison with others CDN O&G producers

[red2000]

Interesting chart !  Hope to have some comments here from analysts tech. on the board.  

[JohnnyDoe]

Red.... check inbox

[red2000]

Back to you JD !