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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 28, 2022 5:07pm
181 Views
Post# 34373195

RE:Understand the markets are suffering but $88 WTI

RE:Understand the markets are suffering but $88 WTIYou are very rationale Onion King.  It's definitely going to take $95 oil to get to $5 and $70 oil definitely sends this back to $70.  The issue is the debt.  It's 1.5 billion.  Doesn't matter if you make 2 million per day in revenue.  That's 750 days of $88 oil to get rid of the debt.  The EIA is suggesting $68 oil by 2023.  The supply crunch will evaporate and then it's back to the 5 year plan averaging 400 million a year at $75 oil.  At current prices debt is paid off in 2 years, but more likely $68 is the average over the next 4 years. Let's split the difference and say 3 years to pay off debt.  Maybe if we are lucky debt gets to 1.2 billion and we get some dividends and buybacks coming up.  It's going to be a slow grind here and we need to break the $5 barrier, even if it's going to take $95 oil to do it.  It won't last and then we trend back downward.
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