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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 red2000on Sep 05, 2021 3:26pm
317 Views
Post# 33815766

RE:RE:RE:The 5 Peace River Clearwater appraisal wells are too close

RE:RE:RE:The 5 Peace River Clearwater appraisal wells are too closeWell explain !

! am working on forecast for Q3 and Q4 and 2022 as well !

A lot of numbers to crunch !!!

For sure, 1st long term debt of 400M$ will be paid before january 31st  2022 !

And at this moment with a WTI around 70-75$ for 2022 ! 2nd long term debt of 500M$ will disappears in 2022 !

And still without Clearwater number !!!

Hedge price for 2022 is 68$, if WTI is between 58$ and 68$ for 42% of production !!!! Holy Jesus !!!

For my point of view, they have to announce officially already with Q3 results end of october the buy back shares program !!!

Each time the buy back shares the price will go a litlle bit higher !

If they start to buy back shares quickly, I calculate a savings of 50M$ in 18 months !!!

Good idea to paid a dividend of minimum of 10 cents per share for 2022 with this savings ! No ?

Only my O !


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