Baytex Energy Corp T.BTE

Clearwater 4 of the best 5 initial rate wells

[BayStreetWolfTO]

Amazing!


"We are also following up our success in the Clearwater where we now have four of the top five initial rate wells drilled to date in the play,”

[perstrudent]

Ill throw cold water..overall great report..but clearwater disappointed me...YES they have a sweet spot..and getting boomer wells...but that sweet spot is looking pretty small...the stepout was only 2 miles north and only 120 for 6 laterals....not great at all...hoping they clarify if something went wrong on this well.... theyre at the western boundary of peavine so its only open to the east and

[riski]

You can always tell when a company hits a deep fly on earnings as you get all kinds of posts like this from people who haven't posted in months, if ever (ie not shareholders) who are hoping to buy shares tomorrow before it takes off.  Trying to limit the gap up. FOMO and regret.  Powerful allies in this oil rally.  

[perstrudent]

HAha I post on IV all the time and this board, and own 6 digit number of shares of BTE... But I wont be a continuous pumper either and a realist. The stepout was a letdown for only 2 miles away from barn burner wells...Hopefully management can clarify if some technical issues or why in conference call....seal well was ok for 6 laterals...we knew it wasnt going to be as good as peavine. The rest

[red2000]

Sound very good to me for the first complete year ! 10,000 boe/d in 2022 with a conservative 6 months payback generate over 200M$ cdn of FCF with WCS at 90$ cdn WCS now at 97,50$ !!! Annual Revenues AFF FCF   AFF FCF boe/d WCS M$ - CDN M$ - CDN   M

[perstrudent]

Im still long too...They easily have 6 sections (4 wells per section) so 24 wells..of good wells...this will get them to 10,000bopd...but the question after that in 1 to 1.5 years..if stepouts dont prove as good they will have to drill and capex a lot more to maintain that 10,000 bopd...

[BayStreetWolfTO]

Pers, some additional info "There is very little vertical well control. Their geologists did this blind, and so perhaps they missed the zone with a couple legs. A well with multiple legs like this could have some sacrificial legs to test the zone boundary. " "Usually when you drill a horizontal well you want some older vertical wells nearby where you can "drive by" while

[perstrudent]

yes I seen that FU is my twtter handle.... I agree just need more info management...Im assuming its technical...not saying it would be ip 900s.. but maybe ip 300 or 400s..then couple miles further ip 120....2 miles to go from 900 to 120 is strange unless issues. The extended reach wells look interesting...and will clarify and prove up like another 6 sections to the south....doesnt take a lot of

[BayStreetWolfTO]

You are bang on the money. Drill the sweet spot get massive cash and payback...which is used to fund the continued step out program.  I feel this is a marathon not a sprint. As you noted below the entire play could be unbelievable in size so you just need to let it play out and delineate the play...for me this is what is important and I hope we get more information on the Q&A or general