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 > Okay so what do you all call? OPEC+ INCREASE or FLAT?

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Comment by BayStreetWolfTOon Nov 03, 2021 1:14pm

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Post# 34082894

RE:Okay so what do you all call? OPEC+ INCREASE or FLAT?

WTI traders factoring in an OPEC + increase. Will depend on UAE...US applying high pressure but will see.

For now oil market building in an OPEC + increase trading $81.31 for now..

Me I'm easy Q3 is $70, Q4 will be $75+ and that I believe gets us to the debt target or very close.

After that I'm quite content with a drop to $65-$70...as I factored $65 for my share buyback which allows 10% NCIB with 50% FCF usage in 2022!