Q3 Macro oil data continues to support BTE plan 12 days (>13%) into Q3 and it's nice to see WTI hovering around $74+.
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