Post by
HeavyBanana on Jul 07, 2024 1:01pm
Brian Ector figured Q2 Capex at approx. $350 million.
Leaving roughly $487 million capex for H2 and if allocated equally for Q3 and Q4 would be $243.5 million per quarter.
Baytex capex in Q1 was $413 million which means they are coming in roughly $63 million lower in capex for Q2 relative to Q1.
Lots of other inputs for financials but as far as capex goes, this is the guidance Brian Ector provided.
Q2 will be directionally better than Q1 which is good but surely many people who frequent chat forums will cry foul once again because that capex number is still up there. Lots of other inputs to consider which they won't, lol.
Q3 and Q4 is where we will see the absolutely stellar results care of massively reduced capex relative to Q1 and Q2 results on a very simplistic look at just the capex input.