Baytex Energy Corp T.BTE

RE:Monday Nov 8th - BTE end of day update

[Nothingmatters]

I believe that this one of the best oil plays right now.. Nuttall or anybody else is just noise. True investors are patient... And this wolf guy is doing more harm than good by hogging the board and his repetitive posts

BayStreetWolfTO wrote:

Topics: 1. Current Day FCF, 2. Yearly FCF, 3. WTI Trend, 4. Current Quarter Contracts, 5. Shareholder Strategic Focus.

1. Mon Nov 8th - BTE banks another $1.9M+ FCF today

2. With fully factored hedges Free Cash Flow @ $82.27 & current pricing = $695+ million/year which is above the management plan. (Including a Clearwater estimate 100% unhedged!)

3. WTI is final for Q3. We are now on the Q4 / December Contracts. Not including improved hedges or Clearwater see historical trend below;

i. BTE Free Cash Flow Q1 = $70M avg WTI $52.09
ii. BTE Free Cash Flow Q2 = $112M avg WTI $62.71
iii BTE Free Cash Flow Q3 = $101M avg WTI $70.57 (capex increase)
iv. BTE Free Cash Flow Q4 = $TBD avg WTI $75.65 (so far)

4. Q4 contracts 89.0% complete.

5. Shareholder Strategic Focus. To BTE management. Keep doing what you're doing!

i. Focus on FCF!
ii. Pay down debt (down to $1.4b this year wow!) Clear off the 2024 note on June 1st 2022 as soon as the agreement allows.
iii. Buyback cheap shares complete a SIB not a NCIB (the cheaper the better)
iv. Issue a dividend
v. If Clearwater development can accelerate FCF, debt payment, share buybacks and dividends do it.
vi. Preferably in that order and keep within 80-85k bpd
vii. Ignore the share price focus on the enterprise strategy, operations, and efficiency.

With this you will find 100% support

Reference:
https://www.baytexenergy.com/files/pdf/corporate-handouts/2021/2021%20-%20October%20Presentation.pdf