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 > Maybe closer with Iran. WTI reacting a bit

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Post by BayStreetWolfTOon Feb 16, 2022 3:34pm

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Post# 34435091

Maybe closer with Iran. WTI reacting a bit

Biden might be saved with some extra barrels?

WTI moved $4.00 on initial reports....so I guess $91.00 vs $95.00

I have read anywhere from a $5-10 discount to current prices with Iran in the mix. Still doesn't matter even $85-90 is massive FCF over $715 million per year at that level with a 10% drop in WTI (if that happened). Baytex would still be printing money at that rate and would be WAY over the upper management plan.

That said average WTI for 2021 was only $65.35. Q4-2021 was $76.04, Q1-2022 is $79.36

"Iran's nuclear top negotiator Kani says after weeks of intensive talks, "we are closer than ever to an agreement"

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