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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
Post by RichVanWinkle2on Oct 26, 2018 1:57am
132 Views
Post# 28875995

Easy to forget... but don’t lose sight of the operation

Easy to forget... but don’t lose sight of the operationHave a little faith. From an August report based on joint operation:

”We expect to generate adjusted funds flow in 2019 of approximately $900 million and free cash flow (net of $575 million sustaining capital) of approximately $325 million. Each US$5/bbl increase in WTI above US$63/bbl provides an additional $130 million of adjusted funds flow on an unhedged basis. Given the significant free cash flow, we will be well-positioned to pursue organic growth, reduce debt, pursue strategic acquisitions in core areas, and consider the reinstatement of a dividend and/or share buybacks.”
Bullboard Posts