RE:RE:RE:RE:Baytex financial forecast 2022red2000 wrote: Hi JohnnyDoe
I saw an hedge price for 84$ on their dec presentation, but for a very low % of production.
Not sure if the hedge may stay anyway, debt may fall under 800M$ in 2022 if WTI still climb over 80$.
If the WTI, hit 100$ all year in 2023, Baytex may reach 3,2B$ in revenues and
around 1,000,000,000$ in FCF all that with only 85,000 boe/d !!!
For me, It's 15$ + for share price.
The real question, are we able to hold it till this price !!?? :)
GL Johnny, nice to read you !
ya I saw that hedge. It's only 2000 barrels a day so if they don't add to that it's pretty much unhedged
it's tough to crystal ball it into 2023 if oil holds around 80. If bte hits 15, which I agree is possible, where does everyone else land? They're all looking at the same basic situation of massive fcf increases. I own cve, su, wcp, CPG, TVE, HWX, CJ. They're all going to increase significantly if the oil tailwind continues. I'm personally holding into the summer 2023 driving season, presuming the tailwind remains, and we'll decide from there