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 > Dividend

<< Previous

Bullboard Posts

Next >>

Comment by mckayk3on Dec 13, 2020 5:24pm

197 Views

Post# 32096472

RE:RE:Dividend

I'll take a stab.

Taking a look at the December 2020 presentation: +$20MM in annual FCF for every $1/bbl WTI increase between $45-$52 WTI.

Let's assume 12 months of $47 WTI average until 2021 Q4. So that's +$60MM. Up from the base $350MM, totaling $410MM (incl. Q3 2020 to Q3 2021).

Next debt maturity is only $400MM in 2024. So let factor in an early redemption of $50-100MM in 2021.

Also assuming a NCIB (limited to 10%). 56M shares @ say $0.9/share - $1.4/share (hard to predict here). That's another $50.4MM - $78.4MM in buy backs.

This leaves roughly $231.6MM-$309.6MM over 504M shares... translating into a tidy dividend of $0.46/share to $0.61/share?

Feel free to point out where I'm wrong.

<< Previous

Bullboard Posts

Next >>

Rich TV Live's Stocks to Watch this week (Nov. 22, 2024)