Baytex Energy Corp T.BTE

WTI futures…

[red2000]

by Goldman Sacha

[red2000]

Sorry can't paste the picture, but confirm by Josh Young ! See new Tweets Conversation  

[red2000]

Geez I need a gallon of coffee, this morning... :) Brent Q3 2022 : 140$     WTI Q3 2022 : 137$ Brent Q4 2022 : 130$     WTI Q4 2022 : 125$ Brent Q1 2023 : 130$     WTI Q1 2023 : 125$ Brent Q2 2023 : 130$     WTI Q2 2023 : 125$ Brent Q3 2023 : 125$     WTI Q3 2023 : 120$ Brent Q4 2023 : 115$     WTI Q4 2023 :

[red2000]

More of it ... Thank's to Geezer21 on the Cardinal Energy CJ bullboards https://stockhouse.com/companies/bullboard?symbol=t.cj&postid=34736061

[JohnnyDoe]

I believe that bte uses 94 as a forward strip price in their presentation to show fcf and debt forecasts. At this pricing, we are less than a year out from being completely debt free

[ceenalot]

I believe that bte uses 94 as a forward strip price in their presentation to show fcf and debt forecasts. At this pricing, we are less than a year out from being completely debt free[/quote] Truly amazing...like incredible 

[BayStreetWolfTO]

JD, this is why I truly believe debt and buyback is the way to go for now...don't bleed out a dividend from FCF that you are stuck with.... Get to zero debt ahead of many others...reduce the float and let RBC keep eliminating the shorts and smaller retail players Food for thought a 5% divivend @ $7.86 is $0.39 If we eliminate the debt in a year and keep doing buybacks my expectation is we

[JohnnyDoe]

I agree completely. At these prices, eliminate all debt prior to a dividend. BUT I think they need to lay out the plan so that investors have certainty on what it is. I'm perfectly good with paying off all debt and initiating dividends after that's been achieved. Wcp, CPG and CVE all pay me dividends, but I consider them kind of trivial really. In all three instances I'd rather they

[2pennys]

Management announced 75% to debt and 25% to buybacks from $1.2 billion to $800 million of debt. At that point, they will likely announce a 50/50 split until debt hits $400 million. They are being cautious as the oil price can experience huge moves. It won't take long for an update in the policy, likely Q3 earnings announcement, as debt will be likely be around $900 million at that point.

[dllscwbysfn]

 I thought they had a plan. I thought it was once they reached 800 million in debt they would start a dividend. They would put 50%  of FCF to debt, 25% to share buybacks and 25% to a Dividend. If oil prices stay this high through 2023 with this plan they still would be debt free.

[JohnnyDoe]

perhaps I am mistaken but I don't recall a specific plan being announced once debt gets to sub 800. I am hoping that they address this in the q2 release. With pricing at these levels that figure is coming up quickly