Baytex Energy Corp T.BTE

Sell heavy oil assets!

[AvInvestor]

Unsurprisingly, Eric reaffirmed that EF accounts for 60% of their production. Why take the risk of potentially holding on to uneconomical assets in a possible $50 environment. If they receive $600-800M, the revolving credit of ~$440M ( variable rate) could be paid off with the remainder deducted towards buyback and special dividend. Stock will pop! 

This company is effectively 3 operations: EF, raging river (light Alberta) & heavy oil. All are unrelated and heterogeneous.

[raven16]

AvInvestor,You Really Do Like To Provoke Response In A Negative Way,Give It Up Already About BTE Selling Assets Your Really Only Getting irritating And Your The Only One Promoting That Idea,If I Would Guess Your Shorting The Stock,Short And Distort.You Never Have Anything Positive To Say About BTE. Go Away Already 

[Marty47]

Ya I agree with recent q3 there is no need as ceo said if oil going really low they will just suspend or reduce high cost area and resume as oil going up , better to keep all your toys for now and keep the plan going in 2 to 3 years those assets will come handy once the debt is lower ..... 

[Certified1]

Keep in mind these profits can increase as this debt is refinanced at the lower rates coming which looks inevitable. Oil price dropping is a risk and shaving higher cost production is only 1 lever that can be pulled. Energy consumption continues to rise.

[AvInvestor]

Raven, based on your irrational response, you clearly don't have a background in business. My proposal (at the right price), unlocks shareholder value. How could you assume that I'm short when I want to stock to pop!  This is a great company but with a heterogenous asset mix.

[Ztransformer]

This post has been removed in accordance with Community Policy

[AvInvestor]

And what about you and nonsense posts that nobody reads? I'm proposing real solutions to create shareholder value. Management knows this and don't be surprise if this happens in the future. 

[Realdude]

Avinvestor this is an excellent idea for we can get an awesome price for these assets. I believe the comments on this board are short sighted and that we need bold moves for this stock to pop. This CEO has proven he can't manage these assets due to geographical distances from each other. Essentially the assets are too spread out. Can't be everywhere all at once. Bte is the worst performing

[AvInvestor]

We're principally aligned, though I have much confidence in Eric and this management team. There are reasons to maintain 150kboe/d production, but in this case I don't believe it's in shareholder's best interest to do so. The heavy oil business doesn't mix with light oil and as you mentioned geography is an issue, unless you're an XOM, CVX, CNQ type.... This is where