TSX:BTE Forum Post | BayStreetWolfTO-34093531 | Friday Nov 5th - BTE midday update

Alternate Symbol(s): BTE

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.

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

1. Fri Nov 5th - BTE looking to bank another $1.85M+ FCF today and another $5.6+M weekend Friday-Sunday

2. With fully factored hedges Free Cash Flow @ $81.25 & current pricing = $680+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)

3. WTI is final for Q3. We are now on the Q4 / December Contracts. Not including improved hedges or Clearwater see historical trend below;

i. BTE Free Cash Flow Q1 = $70M avg WTI $52.09
ii. BTE Free Cash Flow Q2 = $112M avg WTI $62.71
iii BTE Free Cash Flow Q3 = $101M avg WTI $70.57
iv. BTE Free Cash Flow Q4 = $TBD avg WTI $75.21 (so far)

4. Q4 contracts 84.6% complete.

5. Shareholder Strategic Focus. To BTE management. Keep doing what you're doing!

i. Focus on FCF!
ii. 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.
iii. Buyback cheap shares complete a SIB not a NCIB (the cheaper the better)
iv. Issue a dividend
v. If Clearwater development can accelerate FCF, debt payment, share buybacks and dividends do it.
vi. Preferably in that order and keep within 80-85k bpd
vii. 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

Become a member today, It's free!

Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

TSX:BTE - Post by User

Friday Nov 5th - BTE midday update

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

1. Fri Nov 5th - BTE looking to bank another $1.85M+ FCF today and another $5.6+M weekend Friday-Sunday

2. With fully factored hedges Free Cash Flow @ $81.25 & current pricing = $680+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)

Featured News Links

This Small-Cap Gold Stock Jumped Almost 50% on Friday

Nanalysis Scientific Corp. Announces First Quarter 2024 Results

Become a member today, It's free!

Sign In

Send my password

Become a member today, It's free!

Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Join the community and start posting on the bullboards today. It's free.

TSX:BTE - Post by User

Friday Nov 5th - BTE midday update

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

1. Fri Nov 5th - BTE looking to bank another $1.85M+ FCF today and another $5.6+M weekend Friday-Sunday 2. With fully factored hedges Free Cash Flow @ $81.25 & current pricing = $680+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)

Interested in these industries and sectors?

Featured News Links

This Small-Cap Gold Stock Jumped Almost 50% on Friday

Nanalysis Scientific Corp. Announces First Quarter 2024 Results

1. Fri Nov 5th - BTE looking to bank another $1.85M+ FCF today and another $5.6+M weekend Friday-Sunday

2. With fully factored hedges Free Cash Flow @ $81.25 & current pricing = $680+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)