RE:RE:RE:BTE at $55 WTIChindis wrote: According to Baytex's October presentation the break even WTI prices are $30 for Eagle Ford, $45 for Lloydminster and $46 for Peace River. They explain that at $50 WTI the IRR is equal to or greater than 50% for all three assets. At $55 WTI they will be free cash flow positive, at $60 they will generate $100 mill FCF. I definitely need to recalculate my number after the recent acquisition. Thanks for your reply.
Should be interesting to see their updated breakevens in Canada in their next report. They said in their recent presentation that those Canada breakevens were just based on old data. They won't know how much cost savings they can get until they actually get back to work on those Canadian assets. Could be some very good news coming if they are able to chop down those breakevens significantly.