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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 / 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

Bullboard Posts
Comment by ROIcrusaderon Oct 03, 2018 3:12pm
142 Views
Post# 28739702

RE:RE:Ghost Oil Rally

RE:RE:Ghost Oil RallySo how does this all play out? As meaningful hedges roll off in 2019 (correct me as I'm wrong) and the Iran deal takes full force oil will not be softening in price. The lack of large long lead projects means production capacity will remain flat. Considering when this company announced the merger, their estimates were 100k-105k production with all in cash flow of 1B (425maint cap 575 free) and WTI estimates of $65. Now add $10/b to 70k and you get 255million additional cash flow, meaning 2019 look for free cash flow to be in the 830m range ... or $1.49/share. Strong cash flow will drive bargain hunting, I think we're in a situation where a spring is coiling, and it's coiling for a loooooong time, with multiple factors coming into play. For me 2019-2021 will be an interesting time, I don't care that I'm 10-25% down now, when, in 2020 WTI is $100 and FCF is 1.7B dollars. I like to buy and keep, and that's what I'm doing here. GLTA
Bullboard Posts