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 > From the conference call

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Comment by JohnnyDoeon Feb 25, 2022 2:16pm

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Post# 34462470

RE:RE:RE:From the conference call

topdown99 wrote: Hey red2000 , I have no idea regarding the 24/25 unless they took a more conservative price estimate . Might be a question for IR .
On a side note (fun fact) , there was over 25 million shares short as of the last report . Now consider that even if every share bought so far today went to cover a short (highly unlikely) , that still leaves about 12.5 million shares short . I could see some margin calls happening this weekend for diehards and dreamers like deepdodo . Maybe deepdodo will "imagine" a margin call on his imaginary short , lol . Any thoughts ?

red2000 wrote: Hi Topdown99 !

To be exact it's 3,4B$ at 85$ WTI

That include 400M$ of 2021 !

Base on their presentation of March
2022 : 600M$ (Hedge at 68$ for 42%)
2023 : 900M$ (Hedge at 88$ for only 9%)
2024 : 760M$ (No more hedge)
2025 : 740M$ (No more hedge)

A bit surprise, this little downsize when we see boe/d expected to be at 87,000 in 2024 and 89,000 boe/d in 2025 !!

Any comments ?