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 > Long Term Targets

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Comment by JohnnyDoeon Jan 24, 2023 6:39am

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Post# 35241624

RE:RE:RE:RE:Long Term Targets

red2000 wrote: Long term debt calculation from Eric Nuttall
WTI at 90$, strip nat gas and USD/CAD exchange
WCS diff at 20$ for 2023.

Red that chart is a little misleading in my view. It presents what Nuttal wants you to see or the story he's trying to tell, but it doesn't present the story that oil companies are telling.

Nuttal is presenting what happens if all fcf less base dividends is used to pay off debt. That deliberately doesn't consider any of the companies shareholder return plans, almost all of which include some level of buybacks.

He's got Baytex debt free Q1 2024 at 90 wti but that's not what Baytex is trying to achieve.

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