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 > Macro oil data continues to support BTE plan.

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Post by BayStreetWolfTOon Jun 16, 2021 10:12am

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Post# 33394817

Macro oil data continues to support BTE plan.

Per webcast $65+ is gravy

Including hedges
$55=$1.0b
$60=$1.5b
$65=$2.0b

2022 Oil up to $55 goes to debt, 2022 proceeds above go to shareholder return is my take on commnent...which is exactly where we want to be a great balance. While targeting debt to EBITDA metrics

Big swing coming.

Reference: https://www.globenewswire.com/news-release/2021/06/01/2239867/0/en/Baytex-to-Present-at-RBC-Capital-Markets-2021-Global-Energy-Power-Infrastructure-Conference.html

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