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

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Post by BayStreetWolfTOon Jul 23, 2021 11:14am

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Post# 33595975

Q3 ...24% done. Macro oil data continues to support BTE plan

16 days (>24%) into Q3 and it's nice to see WTI hovering near $72.

Per webcast $65+ is gravy

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

Priority #1 pay out the $400m notes from 2024 on June 1st 2022 when terms allow. Should have cash EOY
Priority #2 Share buybacks
Priority #3 Dividend
All this while holding production in the 5 year plan range. With Clearwater Q3/Q4 funds allocated, exploit to increase FCF for the debt.

Keep progressing!

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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