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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 riskion Nov 04, 2021 7:21pm
173 Views
Post# 34089527

RE:RE:RE:3 hours to go Earnings will be released

RE:RE:RE:3 hours to go Earnings will be released As I was saying earlier this afternoon.  The earnings are in line with most people's expectations.  Some people's expectations on this board got a little carried away.  

This is going to be a rocket, but also requires some patience.  Those looking for instant gains need not apply.  

riski wrote: I think some new speculators are getting a little carried away here.  I've owned this for 8 years and I've never seen such anticipation for earnings on this board before.

Realistically:

Cash flow is known.  Hell, Wolf kindly posts it for us every day.  That won't drive the price. 

Debt reduction is known.  There is a chance they didn't put all FCF onto debt which would disappoint.

They are not going to announce a dividend or buybacks until they lower debt levels.  So no need to anticipate anything there.

The potential catalyst in earnings for share price would be an update on clearwater showing an even better opportunity there than what is already known.

A significant downside risk is how much hedging contracts they took on for 2022 already and at what price.  

This is a great opportunity and I have no doubt this will trade higher in 2022.  Unrealistic expectations for these earnings do not help the cause.  




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