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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 Unlucky13on Jan 19, 2022 8:41pm
158 Views
Post# 34335621

RE:Calcuations on Worst Case $65 WTI

RE:Calcuations on Worst Case $65 WTI

It all sounds good but when BAYTEX traded at $20 RBC had a worst case scenario of $10.  It went to 28 cents.  Things can always overshoot to the downside.  I would suggest a $65 average oil price is robust, very easily oil could  average $58 or $55 for the year like the 5 year plan is based on. We are range bound between $1.75 and $6.15 based on the current range of oil prices.  We just happen to be near the mid point with $85 oil.  $50 oil brings us back under $2.  We haven't had $85 oil for more than a week so it presumptuous to assume it will stay that high.  Like I have said many times I won't be shrouded to finish 2022 at $4.

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