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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 > Worth the look...
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Post by red2000on Mar 20, 2023 6:16pm
790 Views
Post# 35349987

Worth the look...

Worth the look...Eric Nuttall tweets of the day ! Watch the FCF yield in 2024 between 70$WTI and 100$ !
A FREE CASHFLOW MACHINE !

#1 : Let's assume we are wrong. What do valuations and free cashflow look like at near-current prices? At $70WTI the average energy stock we model trades at 3.7x EV/CF and a 12% free cashflow yield, all with perhaps the strongest balance sheets in history.

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What if the multi-year bull market for oil isn't over, but just delayed until macro panic subsides? Our favourite companies we believe are now trading at 30% free cashflow yields with over 30 years of stay-flat inventory and have pledged 75%+ of FCF to shareholder returns.

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Do we remain bullish? Absolutely. Why? Even in a recession we believe demand grows, yet short-cycle US shale growth is radically falling and long-cycle investment remains too low. All while OPEC spare capacity is set to be exhausted. Falling inventories = higher price, eventually

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