BAYTEX print money every day !!! Much faster of any CDN O&G producers...But I am a Long Term investor ! Remember, with all this short term volatility, that the avg. price of the WTI (ref. Oilprice.com) ended at a monthly price :
for October at 85,40$,
for November at 85.15$
and still at an avg. of 79,07$ so far for December !
Quarterly avg. of 83,21$ (1$ higher of Q3 avg.) !!!
During H2 /2023, Baytex confirmed a production of 155,000 boe/d.
They did 150,600 boe/d in Q3 and their guidance for Q4 may reach 158 to 160,000 boe/d, (5,8% inc. compare to Q3) with less CAPEX of 180M$.
Numbers don't lies, FCF for Q4 probably it 345M$.
FCF Q3 2023 : 158.4 M$
Diff CAPEX : 187.0 M$ (Q3 : 409M$ minus Q4 : 222M$.
FCF for Q4 : 345.4M$
and I don't count the 5,8% inc of boe/d.
I stick with their plan : CREATING ENERGY CREATING VALUE.
AS W. BUFFET IS DOING WITH OXY !
Only my O ! Feel free to comments and also if you are a day trader or a mid or Long term investors !