Baytex Energy Corp T.BTE

Baytex debt tracking 2022...based on $94 oil $5.60 gas

[BayStreetWolfTO]

Note from the Baytex investor package. Also note current WTI Oil $115+, Gas $8.28

Keep accellerating that timeline one day at a time...next phase of shareholder returns $800m management target.

Summer should be interesting....



"<$900 million" based on $94 Oil, $5.60 Gas"

[Wildfury]

BSW, this is a great chart and positive for Baytex, regardless of WTI trading above $110 US, Baytex is not benifiting from these high prices because of their 41% of production being hedged resulting in multi million dollar losses. My question is, when do these large amount of hedges end. Its no secret that Baytex is involved with a NCIB buy back, this is another reason why this stock is being held

[BayStreetWolfTO]

Wild, I will be honest that chart is good for all Cdn O&G companies. While I post on the BTE board it will help all our holdings. I agree that if you exlcuded the hedges we would certainly be making a lot more than the current rate which at $114 WTI and NG $8.2 is $1.069 billion per year in free cash flow...could you imagine without hedges! Well we wait for 2023...on a side note once the

[BayStreetWolfTO]

To reword.... Yes you are correct with hedges at the current price we are only making $1.069 Billion per year in free cash flow for debt and buybacks. You are right it would be great to be higher than that $1.069 billion I also look forward to 2023 with no hedges...at these rates Free Cash Flow will be well above the current $1.069 billion Something to look forward to....which is why I hold BTE