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Stock impact report

Baytex Energy Is Managing Cash Flow Through Canadian Challenges [Seeking Alpha]

Baytex Energy Corp Common Shares (BTE) 
Last baytex energy corp common shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Summary Baytex Energy ( BTE ) reported a decent third quarter cash flow. In fact, management guided to a very reasonable 2019 on a preliminary basis. The market could care less. Instead, Mr. Market focused on the shut-in (or storage) of initially 8,000 BOD of heavy oil production. But that production never produced that much cash flow anyway. Under current conditions, the pre-merger Baytex company may actually lose cash on every barrel of heavy oil it sells. The post-merger Baytex Energy can easily afford this type of production reduction and still properly service its debt. The previous pre-merger Baytex Energy barely made it through the last production reduction due to low commodity pricing in 2016. That memory could well have motivated the latest merger. Source: Seeking Alpha Website November 4, 2018 The stock has been steadily losing ground ever since the merger. At this point the stock is now more than 50% below its recent high. The only way to explain th Show less Read more
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