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

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Comment by Bmclavon Mar 21, 2019 8:00am

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Post# 29515463

RE:Q1

Average price about $55 for Q1 with WCS/WTI differential averaging around $12. Don’t forget BTEs excellent hedging program in place now which sees them realize mid $60s for a portion of their production when WTI is under $56 (which it was for half the quarter).

They should post adjusted funds flow of around $200 million for the quarter with capex coming in around $155 million.

Free cash flow will be anywhere between $40-$50 million for Q1. All going towards debt.

Hopefully the beginning of sustained profitability for the foreseeable future

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