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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
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Post by BayStreetWolfTOon Nov 05, 2021 3:14pm
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Post# 34093677

*Baytex Management Communication Clear CEO & CFO

*Baytex Management Communication Clear CEO & CFO

 

 

DEBT, BUYBACKS, DIVIDENDS....

For new investors

1- Baytex CEO - Ed Lefehr - Crystal clear communications!

Doesn't get any clearer....a management team communicating properly!!!!

1. Debt (Now)
2. Share Buybacks (1st Half 2022 as we sit today)
3. Dividends

Ed Lefehr "As we sit today we would be very focused on buying our shares back at some level in the first half of the year"

Time 17:47
https://vimeo.com/603399812/cbdda6e3b8


2- Baytex CEO - Ed Lefehr - Dividend target - Crystal clear..

Ed the CEO has been crystal clear with communications...

For those wondering how share price increase changes share buybacks versus dividends...well it accellerates dividends! Why? Well once they hit the deleveraging targets and are trading 2.5-2.8x no need to use FCF on buyback....issue a dividend!!!

Baytex Energy Corp.
ATB Capital Markets Canadian Energy Excellence Virtual Conference
September 8, 2021 1:30 p.m. ET

https://wsw.com/webcast/atb3/bte/1445454
Time 13:04

Ed Lefehr "Longer-term we are setup to be a company that delivers 10-15% shareholder returns in the form of high single digits in organic growth and high single digits in a dividend but that is going to be after we deleverage and after we are trading 2.5 to 2.8x"



3. Baytex CFO- Rod Gray -Corporate strategy - Crystal clear..

Rod the CFO in complete sync with Ed the CEO crystal clear with communications...great to see a management in complete sync!

1. Debt (Now)
2. Share Buybacks (1st Half 2022 as we sit today)
3. Dividends

Great to see Rod also talking Clearwater well payout in 60-90 days

Baytex continues to do a GREAT job communicating!

Baytex CFO "At current pricing these wells payout in 2-3 months.

Very strong interview! Rod is excited. Great to see him in front of the camera as well!

Time 8:45
NOT BUILT INTO 5-YEAR PLAN! MORE TO COME!

Reference:
https://www.bloomberg.com/news/videos/2021-09-29/vermilion-s-glemser-baytex-s-gray-on-canadian-energy-market

 

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