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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 Nov 04, 2021 6:27pm
301 Views
Post# 34089340

My recap of items I was waiting for...

My recap of items I was waiting for...

From my earlier post my revised comments in blue


LAST Trading days before Q3 Result!

CALGARY, ALBERTA (October 28, 2021) – Baytex Energy Corp. (TSX: BTE) will release its 2021 third quarter financial and operating results after the close of markets on Thursday November 4, 2021. A conference call and webcast will be held on  Friday November 5, 2021 to discuss the results:


Items I am focused on!

1. FCF! 
$101M (note $33M Capex increase...Clearwater..good those are amazing wells best economics in North America sets stage for a great 2022...and on track to my June 2023 timelines!)

2. Debt...MUST BE THE PRIORITY! get it in the target 1.0-1.2B before anything!
September 30,2021 down to 1.564M page 2, subsequent to quarter-end, repurchased and cancelled US$85 million principal amount page 1. GREAT!

3. Production...guidance with Clearwater! Production in the Clearwater averaged 1,540 bbl/d during Q3/2021. We currently have five producing wells on our Peavine acreage and production has increased from zero at the beginning of this year to approximately 1,900 bbl/d, currently. GREAT!

4. Clearwater...excited for information...Q4 info...as part of our 2022 plan, which is to be confirmed and released in early December 2021, we are working with the Peavine Mtis Settlement and are preparing to execute an expanded program of up to 18 wells

No Divy! GREAT! If you can start a buyback of the cheap shares in 2022 with current pricing lets do it! Oh and 10% not 5%. 5% is blah lol THAT'S OK I'M PATIENT


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