Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Baytex Energy Corp
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(6929)
•••
Post by BayStreetWolfTOon Oct 06, 2021 4:38pm
248 Views
Post# 33976218

Wednesday Oct 6th - BTE end of day update

Wednesday Oct 6th - BTE end of day update

Topics: 1. Current Day FCF, 2. Yearly FCF, 3. WTI Trend, 4. Current Quarter Contracts, 5. Shareholder Strategic Focus.

  1. Wed Oct 6th - BTE banked another $1.7M+ FCF today
 
  1. With fully factored hedges Free Cash Flow @ $77.07 & current pricing = $625+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)
 
  1. WTI is final for Q3. We are now on the Q4 / November Contracts. Not including improved hedges or Clearwater see historical trend below
 
  1. BTE Free Cash Flow Q1 = $70M avg WTI $52.09
  2. BTE Free Cash Flow Q2 = $112M avg WTI $62.71
  3. BTE Free Cash Flow Q3 = $TBD avg WTI $70.57
  4. BTE Free Cash Flow Q4 = $TBD avg WTI $70.95 (so far)
  5. Negative talk on $52 WTI is nonsense. At this rate they still brought in $70 Million for the quarter and this excludes Clearwater and improved hedges
 
  1. Q4 contracts 52.7% complete. It's nice to see WTI hovering over $70.
     
  2. Shareholder Strategic Focus
    1. To BTE management. Keep doing what you're doing!
      1. Focus on FCF ($625+ Million per year at these prices)
      2. Pay down debt (down to $1.4b this year wow!) Clear off the 2024 note on June 1st 2022 as soon as the agreement allows.
      3. Buyback cheap shares complete a SIB not a NCIB (the cheaper the better)
      4. Issue a dividend
      5. If Clearwater development can accelerate FCF, debt payment, share buybacks and dividends do it.
      6. Preferably in that order and keep within 80-85k bpd
      7. Ignore the share price focus on the enterprise strategy, operations, and efficiency.
 
With this you will find 100% support

Reference:https://www.baytexenergy.com/files/pdf/corporate-handouts/2021/2021%20-%20October%20Presentation.pdf

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities