Baytex Energy Corp T.BTE

MAYBE YOUR WINNING AND YOU DONT KNOW IT

[Franman184]

Stock price low - the company buys back low.
Stock price to high - the company pays down debt
Stock price faily valued - the company buys back some, pays down some debt

[1234bmth]

The question is at $73 WTI what will be the FCF, I think at current oil price they may not be able to buyback meaningful numbers of shares.

[dandu1924]

Yes, you are right because all their numbers are based on WTI at $78.50, so this is not so winner.

[kegman]

I am betting they still buy as many as they can and make smaller debt payments.  The math only gets better as rates fall and they redo more of the debt.  If oil stays up.... more M & A activity too that only drives up the mid caps.  OPEC will cut again soon if the price does not get back to $77-78 range.  First announcement will be no upping the volume this winter. 

[Hellboy1]

Don't worry everything is under control,If oil stays down for longer they can have a share offering,who here pays more than minimum payment on your credit card, That's just stupid if you do.BTE management is the best in the oil business.

[Antonyius]

Well Strathcona resources have approx 180,000 boe/d, 2.5 billion in debt, , made 2xx mil FCF in the last quarter, capital expenditure of 1.3 billion, and their market cap is 6.7 billion so baytex is definitely undervalued regardless. Even if you factor in a slight premium for part of scr's assets being in sagd

[dandu1924]

The problem is :everybody knows  the BTE is undervalued BUT  the market does not care about it. And the market is always right and the market has the last word.