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 > 9 Trading days before Q1 Result

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Comment by BayStreetWolfTOon Apr 18, 2022 10:38am

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Post# 34609805

RE:RE:9 Trading days before Q1 Result

100% JD, while 2022 looks exciting, with a strong back end of the curve with the SPR action...I am very excited about 2023.

JohnnyDoe wrote:

BayStreetWolfTO wrote: Should be interesting to see where they are tracking to plan.

Q1 Average WTI = $80.15 (reporting Apr 28th)
Q2 Average WTI = $104.90 so far 62% complete (reporting Jul 28th)

Once we have Q1 resutls it will certainly help to forecast out Q2

if I'm not mistaken, bte is indicating 700 fcf at 95 wti. We've got to be sitting on a 90 wti average this far into 2022 with driving season approaching. 700 fcf results in 175 in buy backs and 525 in debt repayment.
Two important things to consider with that is the daily buy back will be significant. I think there's roughly 175 trading days left in 2022, given it is not announced yet, they'll be buying back more than one million worth of shares daily. And secondly, very early in 2023 they'll hit that next level debt target and adjusting the share holder returns mix.