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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

TSX:BTE - Post Discussion

Baytex Energy Corp > Immediate Upside is 25%
View:
Post by MLEWICKIMBA on Jun 22, 2024 1:59am

Immediate Upside is 25%

As Q2 ends and Q3 starts.

1. Q2 saw good average prices on WTI, CAD Light, WCS.

2. CAD Diffs steady the entire quarter. BTE will post strong revenue in Q2.

3. Less capex in Q2.

4. Stock undervalued by 25% to 40%.

God bless all energy investors as we are fuelling the future of humanity.  Be proud!
Comment by HeavyBanana on Jun 22, 2024 9:35am
WTI average for April was USD $85.35, May was USD $80.12 .......... June will be strong too !!! https://www.statista.com/statistics/279941/west-texas-intermediate-wti-crude-oil-price/
Comment by MLEWICKIMBA on Jun 22, 2024 11:58am
Awesome  Was it 75 for Q1?
Comment by HeavyBanana on Jun 22, 2024 12:12pm
WTI average in January was USD $74.15, February was USD $77.25 and March was USD $81.28
Comment by Ztransformer on Jun 22, 2024 1:35pm
Let's see if your SP FORECAST materializes (lot of predictions going around lol). Very crucial for Baytex to deliver strong Q2 results without any surprise!  If WTI holds over $75/bbl till next summer (few drops in between to low $70s if fine), I don't see any reason why BTE shouldn't be in low $10's by then. IMO expect debt to fall below $2B by 2025 end assuming $700M yearly ...more  
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