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  5. BTE: Baytex dropped in excess of 7% today. [Baytex Energy Corp.]
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Investment Q&A

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Q: Baytex dropped in excess of 7% today. While I expect there's more than one question on it, it'd be great to get your take on this. They announced their capital budget yesterday and it appears to be a story of moderate growth pushing out their debt target date to 2028. I am a bit surprised by the magnitude of the decline if this is the root cause and wondering if there is more to the story.

Please provide your read on the decline and whether this presents a buying opportunity, or should one move on from the company to better opportunities?

Thanks as always.

Dave
Asked by Dave on December 04, 2024
5i Research Answer:

We have comments posted now. We think it is OK these days, but not compelling. We think buyers can wait into the new year at least.

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