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.

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Baytex Energy Corp > Free Cash Flow

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Post by Lina_Casaon Jun 10, 2021 9:55pm

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Post# 33370301

Free Cash Flow

This was my e-mail message today from Brian Ector, Vice President, Capital Markets.....

Hi Lina, in our investor relations presentation, we show 2022 free cash flow of approximately $375 million at a US$65 WTI price. To give you a sense of how that might change, every US$5/bbl change in WTI impacts our 2021 cash flow by approximately $65 million (after taking into consideration hedges).

Regards,

Brian

This means that around $70 WTI, we are looking at free cash flow of $440 Million! If we get the $80 WTI that many are calling for this jumps to $570 Million! That's in one year.

$100 WTI gives us a FCF of $830 MILLION. Yes I know it's far fetched, but it's fun to dream a bit.

Lina

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