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 > Nice long weekend coming turkey dinner and WTI near $80

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Comment by BayStreetWolfTOon Oct 08, 2021 4:27pm

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Post# 33990454

RE:RE:Nice long weekend coming turkey dinner and WTI near $80

Hi Comp, first I think even $70+ oil will move BTE significantly in the coming years we don't even need $80. With the assumption of oil supply holding tight and demand growing.....my targets based on multiple factors (debt, buyback, dividends, Clearwater) this is what I have in my head as I would like to see..as I said I would like to see the management plan executed through at least June 2023...from there will assess progress and look beyond.

For now based on personal assumptions only...these are the targets I would like to see

Q2 22 -$6.50
Q4 22- $8.50
Q2 23- $12.50
Q4 23- $15.00

But again everyone has an opinion on where they see things going. This is just what I would like to see.

If price goes higher I would advance the timelines...