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 > Conference Call

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Post by NorthOntKid on Apr 29, 2022 2:39pm

Conference Call

Was anything said in th CC for BTE to be down 8%???

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Comment by fortunefavorsus on Apr 29, 2022 2:47pm

No Clearwater far exceeding expectations that will show up in 2nd quarter. Management seemed to point to results of Clearwater only likely to get much larger as they derisk the land. Now 3 billion in FCF forecast for five years. This stock has an active short taking advantage of market uncertainty IMO to drive price down to cover short.

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Comment by red2000 on Apr 29, 2022 3:24pm

Sorry to correct you Fortune ! See below, it's 4,4B$ of FCF in 5 years starting in 2022 At 95$US WTI But it's 3,7B$ in 4 years starting in 2023 At 95$US WTI And see my previous post, Q2 may reach 200M$ of FCF, easily, because CAPEX should go down to 120M$ instead of 155M$ +++ 8,000 BBL/D UNHEDGED AT 100$WTI US X 1,25 === added 90 M$ in revenues for Q2 Probably increase ...more

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Comment by red2000 on Apr 29, 2022 3:27pm

Sorry can't cut and paste the page 12 ! See it here : https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-05-1%20May%20Presentation.pdf

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Comment by topdown99 on Apr 29, 2022 3:27pm

The Dow is down about 700 points , Nasdaq down 425 points and the mindless Tse is off 250 on a Friday afternoon (oil still holding $105). The report yesterday had some opportunistic capex spending in Clearwater which lowered FCF , it was predictable that traders would use as an excuse to sell . Its a Friday after a great run in the SP so the timid are being rattled today and the rocket scientists ...more

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Comment by red2000 on Apr 29, 2022 3:31pm

Very well said !!!! Time for a nice Cold Beer !!! Nice week-end to you Topdown99 and your family !!! Let's finish the week with Eric Nuttal morning words !!! ...more

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Comment by fortunefavorsus on Apr 29, 2022 3:36pm

Twilight Zone Time. Its like investors heard a completely different conference call then we did. Clearwater results are explosive to BTE results this year and market sold it off!! This is why I hate the stock market.

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