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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by Unlucky13on Jun 10, 2021 11:45pm
162 Views
Post# 33370495

RE:Free Cash Flow

RE:Free Cash Flow6 months are almost done and oil has probably averaged $60 so far in 2021.  Hedges restrict upside to $13 million for every dollar over $52, instead of $22 million.  They lose 9 million for every dollar increase in wti compared to what they could have had!  If oil averages $70 for the second half of the year and that's a big if, that's a $65 dollar average in wti.  FCF is improving but the stock is not responding.  Why is that?
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