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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

Post by BayStreetWolfTOon Sep 06, 2021 9:53pm
145 Views
Post# 33817501

After the long weekend almost 20% done Q4 pricing

After the long weekend almost 20% done Q4 pricing

After the long weekend we are 18 of 91 days into the Q4 pricing (currently October)


That is 20% of the Q4 contract days complete.

Even if WTI dropped to $61.50 for the rest of the quarter the average would still be above Q2 which gave us $112M in FCF!!

Something to think about over the long weekend....Q3 looking amazing...and Q4 so far looking great!

 
a.    BTE Free Cash Flow Q1 = $70M avg WTI $52.09
b.    BTE Free Cash Flow Q2 = $112M avg WTI $62.71
c.    BTE Free Cash Flow Q3 = $TBD avg WTI $70.57
d.    BTE Free Cash Flow Q4 = $TBD avg WTI $67.57 (so far)

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