Baytex Energy Corp T.BTE

WTI Jun-Dec 2022

[BayStreetWolfTO]

At theses rates along with gas being strong given the added Q1 Clearwater capex and production guidance i believe BTE hits the $800M debt target in Q4 2022.

That would result in the next stage in shareholder returns. See where we land July 28th when Q2 reports.

https://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic

RECENT CONTRACTS	LAST
Crude Oil Jun 2022	$       107.95
Crude Oil Jul 2022	$       106.34
Crude Oil Aug 2022	$       104.49
Crude Oil Sep 2022	$       102.55
Crude Oil Oct 2022	$       100.58
Crude Oil Nov 2022	$          98.89
Crude Oil Dec 2022	$          97.04

[fortunefavorsus]

Hitting less than $800 billion in 4th quarter is almost certain. I think they could be at a billion at the end of this quarter if not buying 25% FCF in stock.    Stock seems it should be getting a lot more interest than it is.  Lets hope they can keep hitting those massive Clearwater wells.

[fortunefavorsus]

I meant 800 million not billion.  They don't take on debt like the FED

[red2000]

Imagine 2023 ! Unhedged ! It's insane !!! If it's the case back to 20$+ in 2023 ! GL Longs !

[BayStreetWolfTO]

Certainly lines up with my long range plan review. 2023 FCF is astounding at these prices.

[topdown99]

All good here red2000 , and as far as 2022 goes think about this , we already have 1/3 (4 months) in the books so so only 7 3/4 months left in 2022 . Time flies when you're having fun , lots of winners today !!!! 

[red2000]

Hi BSW ! Are you serious ! If that happen, I predict a special dividend is coming for Baytex in 2022, to calm shareholders appetite !!! Probably the only producer able to do that like they done a 30M$ + CAPEX in 1 quarter ! Only my O !

[BayStreetWolfTO]

Red, the biggest unknown seemed to be recession impact. SPR no impact, China holding down more inflation pressure, Russia impact increasing, OPEC out of options, North American O&G companies not interested in shale growth....and today the Fed almost guaranteed this lasts through midterms. If anything I think the price through the end of year for WTI has major tailwind. Also you have