- Heavy oil profitability took a big jump in the Clearwater area.
- The company now has cash flow options during industry downturns.
- Heavy oil is already more profitable than light oil during times of strong pricing. The announcement builds on that lead and promises some decent cash flow during industry downturns.
- Ironically the heavy oil is on the verge of becoming a better business than the light oil for the company.
- The future of the common stock just improved quite a bit over a bright future.
For further details see:
Baytex Energy: A Significant Breakthrough