Baytex Energy Corp T.BTE

IF You Thought That BTE Would Have A GREAT FINANCIAL Quarter

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in Q1/2024 then you are an IMBECILE 

- however, BTE had an EXCELLENT Q1/2024 with the DRILLBIT

- HIGHLY PROFICIENT drilling team on an OPERATED Tier 2 land position in the Eagle Ford shale basin is PUMPING UP TREMENDOUS SHAREHOLDER VALUE as the LIGHT TIGHT crude oil is RECOVERED and SOLD at FAVORABLE PRICES at a SLIGHT PREMIUM in the coming years

MyTake:

- people are UNDERESTIMATING both the SKILLSET and RESOURCE BASE of Baytex Energy

- the CEO KEEPS SHOUTING IT OUT but it 'appears' to FALL on DEAF EARS

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[1234bmth]

The problem is we hear these kind of promises from BTE management for many years, but none has been fulfilled, each time the SP gains some positive momentum, the management finds a way to screw that momentum either through acquisition or aggressive drilling and add to the number of shares outstanding or adding to debt, this company has lost confidence to investors, it is unfortunate, but true

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from my point of view: - the LEGACY BTE shareholders (PRE - RAGING RIVER EXPLORATION) were OPPRESSED as they OVERPAYED {by ISSUING TOO MANY SHARES} as they became MINORITY SHAREHOLDERS in the COMBINED ENTITY [A MASSIVE TRAVESTY] - so my take is that this MERGER was a MAJOR SETBACK which EXCESSIVELY DILUTED the BTE shareholders and the OUTSTANDING share count - the Ranger Oil ACQUISITION '

[CocoBongo8]

Well said. This ought to shake out the DT folks who are very short sighted. The horizon for appreciation is not Q1, it was inferred in the message from the last meeting.  Q2, Q3, Q4 ought to improve on the FCF and distributions. Go BTE Go. DYDD, great weekend all.

[DivChase]

Prepare for a big comeback.   Lol Going to pray anyway