Baytex Energy Corp T.BTE

Bumpy road...

[red2000]

Again, we are still in the same bumpy road.

As soon as we reach a price stability, example 100-110$US it will help to evaluate properly, the best cdn oil producers.
Because some, don't generate enough FCF to increase supply, buyback Sh and Div, especially when inflation still high !

We may see new profil producer, the performer and the neutral.

For my point of view, Baytex is still a performer, we are able to check already all the items below :
Boe/d increase
Pay down Debt
Buyback Shares
Very conservative 5 year plan

Remember at 95$ WTI, BTE project 1B$ of FCF in 2022 !!!

GL Longs !

[BayStreetWolfTO]

You got it Red! Take advantage of this year with Oil averaging $100+ (some said that would NEVER happen) Next year even $95 WTI is $1 billion in free cash flow... For the summer hopefully the SPR can let us fly under the radar... I do worry the SPR won't be enough IF and a big IF...the US and EU can actually restrict Russian oil.... But for now Russia is flowing....BUT...wells will