RE:RE:RE:ReservesHi Antonyius !
Read below :
I call it profit it's the same as net income !
Funds and institutional also watch seriously net income not only Cashflow !
GL !
Meaningful cash flow generation
Baytex is close to hitting its 52-week high of $5.27 following a spectacular run in the last 12 months. As of this writing, this energy stock outperforms at the energy sector and the broader market with its 33.5% year-to-date gain. Also, this $2.94 billion oil and gas company will present its Q4 2021 and full-year results on February 24, 2022.
In the first three quarters of last year, net income reached $1.05 billion compared to $2.66 billion net loss in the same period in 2020. Total sales and adjusted funds flow grew 77.4% and 131.5% year over year. Management expects to report more than $400 million in free cash flow for 2021.
Baytex’s five-year outlook focuses on financial and operational sustainability plus meaningful free cash flow generation. The board of directors approved a $400 to $450 million capital budget for 2022. Its president and CEO Ed LaFehr said, “We expect to generate approximately $2.1 billion of cumulative free cash flow through our 2021-2025 five-year outlook.”
Management commits not to deviate from its disciplined, returns-based, capital-allocation philosophy throughout the plan period. Because of the strong pricing environment and continued capital discipline, Baytex hopes to meet its $1.2 billion net debt target in Q2 2022.
Profitable options :
Energy stocks like NuVista and Baytex are profitable options in 2022. Their potential gains could be so much more than cryptocurrencies.