Analyst coverage coming !!!I hope they will sharpen their pencil much better than thier last analysis !
Especially RBC initially at 4,50$ with wrong data then at 6$ !
All of them never consider seriously, Baytex compare to it's peers ! They live to long in the past !
The more accurate so far is Raymond James and BSW and me ! :) (joke) !
My initial target was 6 to 8$ for 2022 !!!
I am going back to my calculating board this week-end to find out where it's stand with recents datas just deliver buy Baytex
For those, who miss my initial 2022 calculation here is below :
| Description | Boe/d : 81 500 | Details |
| Avg. WTI $ - 2022 | 78$ - 100$ | (Q1 Q2 at 78$) |
| Revenues | 2 354 476 320 $ | (Q3 Q4 at 100$) |
| NetBack | 1 436 230 555 $ | |
| Ajust. Fund Flow | 988 880 054 $ | |
| FCF | 517 984 790 $ | |
| Debt paid | 239 505 354 $ | Debt Q1 Q2 |
| Buy back | 148 050 000 $ | (5,25$ x 5% X 564M) |
| Dividend | 56 400 000 $ | (5cts./Q x 564M) |
| Cash left | 74 029 436 $ | |
| | | Buyback + div Q3 Q4 |
As you can see, i am still LONG !!
Please do your DD it's your money !