RE:RE:RE:bte
Based on low 50s wti baytex should produce about 450 to 500m opersting cash flow which translates into their 300 to 350mm after debt and ga payments. Assuming prices slightly increase and can be hedged i would be fine if they reused part of the capacity of debt where they repaid 185mm and expand the capital program to increase production as prices are now higher and more stable then 12 months ago.