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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (146515)3/24/2023 2:28:13 PM
From: Goose94Read Replies (1) of 202926
 
Baytex Energy (BTE-T) revisited 5.0 Eric Nuttall on BNN.ca Market Call Friday March 24th @ 1200ET

Baytex recently announced an acquisition in the Eagleford that increases its free cash flow per share by 18 per cent while allowing it to modestly fast-track more meaningful shareholder returns. Upon deal completion, Baytex will initiate a dividend (two per cent yield) while increasing shareholder returns to 50 per cent of free cash flow. We believe that the merits of the deal and the quality of what it purchased are vastly misunderstood offering a profound opportunity with the stock trading at 1.7x/1.2x EV/’24 cash flow at US$80/US$100WTI and a 44 per cent-75 per cent free cash flow yield.
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