Baytex Energy: What Happens Next
Baytex Energy (BTE) Seeking Alpha·2024-01-20 21:04
Vladimirovic Baytex Energy (NYSE:BTE) made a major acquisition which is now completed. But really, for management, the work has just begun. That acquisition needs to be justified in the eyes of shareholders, either by earnings or by superior operational measures. Management's task is made harder by the fact that oil prices have kind of weakened a little since the merger completed. Touting operational improvements is not nearly as easy for management to do as showing better earnings, even if those earnin ...