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 > $1.5 billion debt target

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Comment by 1234bmthon Oct 02, 2023 11:14pm

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Post# 35666162

RE:$1.5 billion debt target

They can't give an exact time for debt target at 1.5B because the oil price is very volatile, if we look at cumulative FCF from H2 2023 to end of 2026, they will reach this debt target as follows: at average $70 WTI end of Q2 2026, $80 average WTI around end of Q2 2025 and $90 average WTI end of Q4 2024. This is just an average calculation that I did, it could differ a bit more or less.

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