Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 JohnnyDoeon Feb 16, 2022 3:50pm
119 Views
Post# 34435165

RE:Maybe closer with Iran. WTI reacting a bit

RE:Maybe closer with Iran. WTI reacting a bit
BayStreetWolfTO wrote: 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"

I think the market will over react to Iranian barrels. Two reason. First, from what I read satellite tracking already shows the Iranians are exporting oil so what we're talking about potentially is an increase in production beyond what they're currently unofficially exporting. Secondly, unless they're pumping those barrels into storage, the production is offline now and we've learned throughout this pandemic that offline production doesn't just come back online because the Americans lifted sanctions. It's going to take time for that production to come back online and while that time is a wasting, demand is growing. The Americans can get their production levels back to prepandemic and all but two opec+ countries are under pumping quota. Why are the Iranians just going to pump at will because sanctions are lifted?
<< Previous
Bullboard Posts
Next >>