Too excited !!! This stallion is flying now !!!
For my point of view, worth way much more compare to TVE !!!
Base on my own very conservative calculation, with only 81,500 boe/d, still 42% hedged at 68$ without Clearwater !
at 78$ WTI = 2,2B$ in revenues, 600M$ of FCF already this year !
at 84$ WTI = 2,4B$ in revenues, 620M$ of FCF already this year !
Imagine 100$ = 2,6B$ in revenues, 700M$ of FCF for 1 year ! It's debt free in 2 years Maximum !
Baytex is Unhedge for 2023 !!!! Same production and still without Clearwater !
at 78$ WTI = 2,3B$ in revenues, 625M$ of FCF already this year !
at 84$ WTI = 2,5B$ in revenues, 675M$ of FCF already this year !
Imagine 100$ = 3,0B$ in revenues, 800M$ of FCF for 1 year ! It's debt free in 1,5 years Maximum !
Sorry I am too excited, any new bbl/d from Clearwater is ENORMOUS with a payback around 3-5 months !!
If it's stay that way, Baytex is debt free in 2 years !!!
I try to breathe slowly into my bag (not enough space, too much money) LOL !!!
Please do your DD, it's your money !!!