Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Any risk of going under here?
View:
Post by SR71BlackBird on Dec 17, 2024 9:48am

Any risk of going under here?

Trying to understand if I should buy more or get out?
Is it just tax loss selling? Is this Nuttal's downfall?
I felt good originally buying it as it was a top pick of his.
My responsibility of course - just trying to figure out what to do here.
Comment by Kelvin on Dec 17, 2024 9:59am
Some say that the selling pressure is due to "long covering". From Google AI Overview: AI Overview In the stock market, long covering, also known as long unwinding, is when traders ...more  
Comment by Cobalt on Dec 17, 2024 10:00am
The world is a wash in extra oil, keep moving you money to your best idea, if this is your best idea stay if not move, Nvidia is starting to look real cheap here, also i have never seen better supply and demand then in Bitcoin, IBIT, dyodd good luck, I'm buying up the company that will lead in human robots and self driving ;)
Comment by Kelvin on Dec 17, 2024 10:55am
Well that would be companies that have exclusive world wide pattents on high quality chips that can handle the gigahertz processing speeds needed for AI deep learning like the Dutch company, listed on Nasdaq, currently building a $324 million dollar US base facility in Arizona. The Americans are blocking the Chinese from the tech which is essentially nanomanufacturing (building stuff atom by atom. ...more  
Comment by Marty47 on Dec 17, 2024 10:00am
Boy lesson 1 .... you don't listen analysts and Nuttals the worst as its oil and he's not god ... oil has too many moving parts 2... trump not even in office yet 3 Tarrif on trump plate ..best is to wait this stock hit 2$ to 2.50$ it's not a good time now to buy .... Justine soon on vacation and won't resigned so everything a waiting game .....
Comment by diamondlessnono on Dec 17, 2024 11:08pm
Nuttal? i've lost money but also made money. Pay to learn. Believe none of what u hear and half of what u see. 
Comment by AvInvestor on Dec 18, 2024 8:45am
Why is this even a discussion, BTE is spectacularly profitable at $70 oil. How many businesses on the TSX yield over 15% FcF under current commodity prices? 
Comment by Antonyius on Dec 18, 2024 9:17am
Baytex is largely owned by retail, and the recent tank in stock price reflects this. Looks like most retail don't look at balance sheets for quarterly reports. 
Comment by AvInvestor on Dec 18, 2024 9:36am
Baytex has institutional ownership via ETFs, but short sellers that are attacking the company since the debt position can be a worry. Management should have sold non core assets to compensate for ranger acquisition. Balance sheets are gold and sadly we're paying the price. 
Comment by Kelvin on Dec 18, 2024 10:33am
Av, you say that debt position can be a worry. In what conditions can debt be a worry. Arrangements for capital lease agreements based on floating interest rate arrangements that move higher or lower based on the 2-year treasury yield where its prime driver is future inflation expectations?  Yeah, bte high long term and short term debt very exposed to interest rates and inflation ...more  
Comment by Kelvin on Dec 18, 2024 11:04am
I hope that they don't try to hide the rising costs due to capital lease agreements based on floating point interest rates for the rental of equipment, facilities needed to operate n capex spending and not operating expenses which would thus increase their operating expensed,  their break even costs and reduce their netbacks, operating earnings and earnings per share. Scumbag companies do ...more  
Comment by AvInvestor on Dec 18, 2024 1:06pm
Most of the debt is fixed but the revolver is prime + ??%. I don't have an issue with the fixed term loan, it's the general path they took. Options were: A) they could have made a more significant asset disposition (heavy oil) and extinguished balance of the revolver while boosting liquidity on the balance sheet. OR B) rely on CF to pay down debt.  Management went with Plan B ...more  
Comment by AlwaysLong683 on Dec 18, 2024 5:08pm
BTE Balance Sheet as at Sept 30, 2024: Current Assets: Cash + Trade Receivables = $397M Current Liabilities: Trade Payables = $584M   Too much short-term debt. Should not be paying a dividend IMO. Have to go to SEDAR to get the financial statements as BTE doesn't post them as a download on the "Reports and Filings"  page of the "Investors" section of its ...more  
Comment by AlwaysLong683 on Dec 18, 2024 5:15pm
Also should not be doing any share buybacks until the short-term debt is under control IMO.
Comment by Kelvin on Dec 18, 2024 6:21pm
Thanks for that AlwaysLong683. I didn't know exactly what trade payables are. I looked it up: AI Overview +1  ...more  
Comment by Eoj123 on Dec 18, 2024 7:35pm
They would be amiss to NOT be buying their own shares at these ridiculously low prices. I do however agree they should not be paying a dividend currently until the debt is much lower.
Comment by AvInvestor on Dec 18, 2024 7:58pm
Your assessment & conclusion is misleading and very simplistic. You haven't factored money that's coming in daily as those Sedar reports are just random snapshots: as well, they have the revolving credit to draw on. Ultimately, your claim is baseless and without merit.
Comment by AlwaysLong683 on Dec 18, 2024 9:13pm
The comments in my previous post had nothing to do with SEDAR specifically. The SEDAR service is just a way by which investors can obtain the quarterly financial statements and MD&As that all publicly-traded corporations are required to release in case an interested party can't obtain them some other way (though BTE appears to only produce one MD&A a year dated at the end of February). ...more  
Comment by ztransforms173 on Dec 17, 2024 11:18am
- BTE has PLENTY of LIQUIDITY to CONVERT into FAST CASH - BTE has GOOD PROTECTION with SUBSTANTIAL HEDGING - COUNTERMOVES IF there is HUGE PRESSURE on MARGINS due to DECLINING crude oil prices: 1- ELIMINATE DIVIDENDS 2- REDUCE CAPEX 3- SELL ASSETS - OVERALL, BTE is is GREAT SHAPE compared to the LAST 10 YEARS - Q1/2025 is GOING TO BE A BIT ROUGH BUT VERY MANAGEABLE - SENIOR managers ...more  
Comment by ztransforms173 on Dec 17, 2024 11:36am
better now: - MISSED SHARE BUYBACKS - 1- ELIMINATE SHARE BUYBACKS and DIVIDENDS z173
Comment by rockman999 on Dec 17, 2024 11:44am
Present value of company based on share value is approximately what the value of the debt is. I wonder if, or when, this may breach loan convenants.
Comment by SectorRally on Dec 17, 2024 12:48pm
You are enviously short on brain cells or the stock. Baytex was .31 cents a few years ago.  This is a tax loss selling haven.  This will be five bucks first week Han. 
Comment by Stockhudson on Dec 17, 2024 1:46pm
I remember that day vividly     took me 1/2 hr to push buy button for 2000 at .32 cents   
Comment by Hellboy1 on Dec 17, 2024 5:58pm
Don't think theirs any chance, but we could drop alot if this incompetent management team sends out a new pesentation, that alone will drop the share price.This team proves you can't fix stupid.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities