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 > CC: BE WARNED: CEO GUIDED A COP of 149,000 -149,500 BOE/d

<< Previous

Bullboard Posts

Next >>

Comment by riskion Feb 29, 2024 9:31pm

253 Views

Post# 35908162

RE:CC: BE WARNED: CEO GUIDED A COP of 149,000 -149,500 BOE/d

What? This is either really bad reading comprehension or really bad math. They are guiding for 156,000 BOE for 2024, but notably they BEAT this in Q4 2023 with 160,000+ BOE meaning they are under promising and over delivering. That guidance is explicitly unchanged in the press release.

In addition, the 2000 BOE loss of production was ONLY an average for the first quarter, or 500 BOE averaged over the year.

You have had some good posts here and elsewhere. What is your motivation for this misleading information in this post?

ztransforms173 wrote: - in Q1/2024

- ~ 2,000 BOE/D was LOST in PRODUCTION due to COLD SPELL In January 2024 amd later HEAVY RAINS in Texas

- this is 10,000+ BOE/D LESS THAN Q4/2023

- Q1 and Q3 are TOUGH QUARTERS for Baytex Energy due to HIGH CAPEX

z173