It's time to talk about Q4 2022 and YER 2022I found today this RBC outlook about Q4 production on twitter's
See below the results If i include all that to the first 3 quarter of 2022...
Sound a bit weird for
Light oil and condensate,
According to RBC Q4 2022 would be down 31,4% compare to Q4 2021, RBC believes that the avg. year production of 2022 would be down 13,2% compared to 2021 and down 27,81% between Q4 and Q3 2022.
I think their accurancy are much better in the
Heavy oil.
According to RBC Q4 2022 is expected to be UP 31,4% compare to Q4 2021, RBC believes that the avg. production of 2022 would be UP 29,9% compared to 2021 and UP 10,11% between Q4 and Q3 2022.
I don't think their number are accurate for NGL, with an increase of 118,95% between Q4 and Q3 2022.
At the end, their total production number for Q4 2022 is 86,700 boe/d, Baytex said in december 87,000 + !!!
I still trust Baytex !!! at 87,000 boe/d for Q4 2022 compare to Q4 of 2021 it's an increase of 7,7% in only 1 year !!! It's HUGE, with no significant increase in CAPEX !!!