Bright future !!!I expect a good Q4 results, remember Crude Oil Hedge Portfolio was for the 4th quarter 2020 :
Crude Oil price for :
Oct. 2020 : 39,90$, Baytex receive 47,90$.
Nov. 2020 : 42,30$, Baytex receive 50,30$.
Dec. 2020 : 48,73$, Baytex receive 56,73$.
It's an average of 18% more for 4th quarter, for 24,500 bbl/d (about 33% of the full production).
Also Nymex natural gas was at an average of 2,50$ NYMEX (US$/mmbtu), which is 26% higher of Q3 results 2020.
Natural gas was 22% of the full production in Oil equivalent (boe/d) in Q3.
I expect to see the price per share reach over 1$ before end of january.
Waiting for new analyst reports, as I said before they are too conservative with Baytex !
My preliminary calculation arrive at an Ajusted funds flow over half a Billion $ in 2021 !
But it's too early, a lot of factors are in the process of change like :
1) Exchang rate;
2) WTI Crude Oil price;
3) Nymex natural gas price;
4) New crude Oil Hedge portfolio;
5) Oil demand back to 2019
Baytex is well position to reach new high !
No major risk because all the Energy sector is in progress and all the OPEP+ countries are involve to maintain a decent price per barrel ! between 52$ and 60$ for 2021 !
Only my O !
Still LONGS !