Baytex Energy Corp T.BTE

700bbl/day Clearwater well

[Hotshot85]

with a current average coming in at 500bbl/d per 8 leg wells. Those are increidble numbers that are not baked into the shareprice. it's a FREE OPTION. If the apraisal wells to the WEST have the same repeatable results, this stock will rerate and start to take off.

this is a sneaky 4-5 bagger in 18 months

[dandu1924]

4-5 bagger in 18 months, this is my target too and the best thing, we could be  there in short time than 18 months, specialy when some institutional investors will wake up.

[inFactsWeTrust2]

Could you clarify what your $ target is for this stock? '4-5 bagger' gives no indication as to what the 'X/times' is applied to. The price of today, the price 6 months ago ... However, thinking this stock will surpass 8$ in the next 18 months seems misguided. Even 6$ seems a bit far-fetched. The gymnastics in the crystal ball must be something ...

[JohnnyDoe]

Your question was not dircted at me but my personal target is north of 5. My target is actually more time oriented. End of 2012, not before. To your point about 6 ir 8 dollar calls being misguided, no i don't think so but certain events need to transpire including putting to bed covid driven noise. Withoutcovid fears, demand returns and when demand returns we have a global structural deficit

[DrNo1962]

Why is there not a press release on this?  

[Hotshot85]

A company that produces 80K bbl/d does not do PR for 500bbl/d wells.  It is significant news and it is being put out there.  it was incorporated into the Q2 results. it's been talked about in the discussion of Q2 and the 2 investor conferences. People know...... if you are looking for information you can find it.  Also, if something isn't purely exploration, Canadian

[perstrudent]

This play from existing 4 wells should have about 1200bopd production. This alone would basically self fund a 1 rig continuous drill program which they should commence immedietely. After results of Well 5 more easterly they need to do 1 more appraisel well to the more south of property to delieniate almost all their land then go full development with 1 rig. This wouldnt affect any previous fcf

[BayStreetWolfTO]

Good afternoon perstrudent, you clearly understand the potential. The fact that Clearwater can self fund not impacting FCF for debt or buybacks is fantastic...it can also add to more agressive actions. Looking forward to Well # 5 in the next few weeks.  Once the property is delineated look out.

[jdmecomber]

What does once the property is delineated mean?

[BayStreetWolfTO]

Good morning JDM, see below Delineation well an exploration well drilled as part of a carefully planned programme with the objective of appraising the value of an oil or gas discovery. Delineation, or step-out wells, are drilled so that the probable outline of the oil or gas field may be delineated. https://www.energy-pedia.com/glossary.aspx?letter

[red2000]

It's about 95M$ of new revenues at 65$US WTI ! With exchange rate it's 120M$ CDN of revenues with a pay back around 6 to 8 months Maximum !!! Wonderful !!! Remember no hedge program on it !!!! And this is only for the 1st year of production !!! More Wells may come quickly !!! Please do your DD, it's your money !!!