RBC Capital Markets reports on BTE RBC Capital Markets reports on BTE:
"March 3, 2020
Baytex Energy Corp.
Update with Ed LaFehr
Our view: Our recent update with Baytex Energy’s President & CEO,
Ed LaFehr, highlighted the company’s resiliency and free cash flow
orientation. We peg Baytex’s WTI break-even at US$49 in 2020 to cover its
mid-point capital spending program of $538 million. We are maintaining
an Outperform recommendation on Baytex and our one-year target price
of $2.50 per share. "