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Baytex Energy Corp T.BTE

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.


TSX:BTE - Post by User

Comment by BayStreetWolfTOon Mar 07, 2022 11:47pm
175 Views
Post# 34493628

RE:RE:RE:Who has a handle on Q1 earnings.

RE:RE:RE:Who has a handle on Q1 earnings. Good evening Fortune, Red does a very good job trying to track the data but you are right these are all guesses which is why we wait for the Q1 results. 

That said remember Q1 pricing started November 23rd, 2021 (January front month)

The price you see now is the April (Q2 contract) not part of Q1...

If you recall during the January Front Month we had some days there (with the COVID Omnicron and SPR) which dropped WTI to high $60's)

See below chart this may help match up how Q1 went vs how Q2 is starting (although I need to update Q2 my last update was March 4th)

User image


fortunefavorsus wrote: I think your numberslisted below are light.  They did 552M at benchmark prices of $77 WTI and $63 WCS U.S.  If oil prices hold up until the end of the quarter then benchmark prices could average around $95-100 WTI and $85 WCS with better priced hedges.  So I think you will see closer to $200 million FCF.


Here is one base on avg. WTI per month. 81,500 boe/d !

Revenues :        590M$ to 600M$
Net Back 61% :  590M$ X 61% = 360M$
Ajust Fund Flow  (AFF) : 250M$
Free CashFlow (FCF) :  160M$ to 170M$

Increase a bit those numbers if Clearwater added 3,000 boe/d or more !

Let's see what BayStreetWolf has to say ! :)


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