Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

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

Baytex Energy Corp > Understand the markets are suffering but $88 WTI

<< Previous

Bullboard Posts

Next >>

Comment by ManitobaCanuckon Jan 30, 2022 5:56pm

187 Views

Post# 34376548

RE:RE:RE:RE:RE:Understand the markets are suffering but $88 WTI

MooninPaPa wrote: I think they said June for their debt target.

That is with WTI at 65$ base case. They pay 200mill$ in 6 months to reach their debt target of 1.2 bill from 1.4 billion( amost 34mill$/month).
It is 85$WTI $ now and hedged sensitivity is 15 million per dollar per year rise AFFO, so almost 300 million$ extra funds in a year ,or about 25 million extra per month . If we remiain at this price for next 3 months , they might reach their target debt in April end 2022 .
Annual results and Q1 results are in on 28th April 2022 and we might see a buyback announcement.
This is dependent on Oil prices staing above 85% for next 3 months

<< Previous

Bullboard Posts

Next >>

How to decrease sector risk by owning hundreds of mineral assets