Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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 / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Post by mercatoson Jun 08, 2016 6:40pm

338 Views

Post# 24948448

Key BTE numbers

From Todays presentation here is what I heard are the key numbers for BTE Rod Gray CFO presented

WTI @ 51-52 provides enough cash flow (aprox 300m) to maintain production flat. Thats good news.
WTI @ 60 provides cash flow of aprox 400m. The execess 100m would be split up. 50m will be used to invested to increase production growth and the other 50M will be used to pay down debt.

So those are the key numbers for now. I would imagine for those waiting for dividends to start paying out we would have to wait to perhaps $70

Cheers

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