This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Baytex Energy Management Presents At Barclays CEO Energy/Power Conference (Transcript)

Baytex Energy Corporation. (BTE)

Barclays CEO Energy/Power Conference

September 6, 2012 09:30 AM ET


Derek Aylesworth – CFO


Grant Hofer – Barclays Capital


Grant Hofer – Barclays Capital

Okay, I think we’re going to get started. For those of you who don’t know me, my name is Grant Hofer. I am the midcap E&P Analyst here at Barclays. Very pleased to welcome Baytex Energy today. We have Derek Aylesworth who is the Chief Financial Officer. Derek has been with Baytex since 2005 when he joined as CFO. Prior to that he was with EnCana and I’ll pass it on to Derek.

Derek Aylesworth

Thanks Grant and thank you Barclays for having us. For those of you who were in the room before, ENI [ph] is quite a different company than we are. Earlier in my career I did work with ENI and it’s nice to see that they’re doing all right without me.

If you take a moment please do review our advisory on the forward looking statements. This slide just highlights the investment thesis behind Baytex. What we strive to do is execute what we call a growth and income model where we’re trying to deliver organic production reserve and dividend growth. We have a second lead in capital efficiency and that’s one of the key differentiators for our story. I'm going to go through the history of Baytex and some of our key projects and show you why we’re going to be able to maintain that a second-leading capital efficiency. We are very technically focused. We have a very, very large inventory of identified captured projects that we’re going to be able to exploit for the foreseeable future and with the strength of our balance sheet we have absolutely no financial constraint to executing our growth plans.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs