- The company's performance during downturns has improved due to the larger contribution of light oil to total production.
- Heavy Oil profits will produce outsized gains due to strong commodity prices.
- Heavy oil paybacks need to be fast to profit from the opportunity window of strong commodity prices.
- The Viking often cash flows when the heavy oil does not because discounts often widen during industry pricing downturns.
- The market does not appear to expect the cash flow resurgence that happens during periods of strong commodity prices.
For further details see:
Baytex Energy: Let The Good Times Roll