Bullboard - Stock Discussion Forum 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... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > From the conference call

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Post by topdown99 on Feb 25, 2022 12:05pm

From the conference call

I don't know if any of you were listening to the call but at a sustained $85/bbl , BTE will generate over $3 billion in FCF over the plan period . That was an eye opener , these guys are kickin butt !!!

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Comment by Eigen337 on Feb 25, 2022 12:16pm

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Comment by masfortuna on Feb 25, 2022 12:53pm

Agreed. Pay the whole thing down asap.

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Comment by red2000 on Feb 25, 2022 1:07pm

Hi Topdown99 ! To be exact it's 3,4B$ at 85$ WTI That include 400M$ of 2021 ! Base on their presentation of March 2022 : 600M$ (Hedge at 68$ for 42%) 2023 : 900M$ (Hedge at 88$ for only 9%) 2024 : 760M$ (No more hedge) 2025 : 740M$ (No more hedge) A bit surprise, this little downsize when we see boe/d expected to be at 87,000 in 2024 and 89,000 boe/d in 2025 !! Any comments ?

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Comment by topdown99 on Feb 25, 2022 1:22pm

Hey red2000 , I have no idea regarding the 24/25 unless they took a more conservative price estimate . Might be a question for IR . On a side note (fun fact) , there was over 25 million shares short as of the last report . Now consider that even if every share bought so far today went to cover a short (highly unlikely) , that still leaves about 12.5 million shares short . I could see some margin ...more

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