Baytex Energy Corp T.BTE

Compsys, your request BTE 2010-2013 data versus 2021

[BayStreetWolfTO]

Would appreciate any comments.



I also added F/X as this is a material change and a calc on where I come to factoring share float change and production change...again NOT factoring in Clearwater potential...but it give me my target which is close to the $12+ I am targetting initially 

My target is $12.50 for Q2-23
My target is $15.00 for Q4-23

By that time I see debt under the 2010-2013 range.

						Q2
31-Dec	2010	2011	2012	2013		2021
Stock price	$ 46.61	$ 56.60	$ 42.37	$ 41.55		$ 4.19
O/S shares (million)	113,712	117,893	121,868	125,392		564,182
						4.64	Inc Float
Debt ($ million)	$ 502.190	$ 650.581	$ 599.826	$ 792.062		$ 1,629.629
BOE	45,015	53,054	55,046	57,196		81,162
						1.47	Inc Production
F/X	$ 0.9970	$ 1.0196	$ 0.9922	$ 1.0623		$ 1.2393
WTI Price $ USD	$ 91.38	$ 98.83	$ 91.82	$ 98.42		$ 84.24
WTI Price $ CAD	$ 91.11	$ 100.77	$ 91.10	$ 104.55		$ 104.40
						$ 46.84	Average Price 2011-2013
						$ 10.11	Price (reduction float 4.6x)
						$ 14.85	Price (increase pro rate 1.47)
						$ 14.85	Adjusted price (float/boe)

[MoreCarbon]

Very informative summary, thanks BSW. We know bte will be buying back shares and that to me seems like the best bang for the company and shareholders. A dividend is nice but seems like money going out the door. When debt gets down to 800M, would a very aggressive buy back to get shares around 250 or less over the 5yr plan make sense or would zero debt be the better option to boost SP? I've