Set to climb higher on blockbuster Q1 EarningsFrom Yahoo Finance :
https://ca.finance.yahoo.com/news/tsx-energy-stocks-set-climb-151500564.html
Another star performer, Baytex Energy (TSX:BTE)(NYSE:BTE), will also report on April 28. BTE stock has soared 425% since last year and is still going strong. Investors might cheer its earnings growth this quarter, given the low base in Q1 2021. According to analysts’ estimates, BTE will report earnings of $0.11 per share in Q1 2022 relative to a loss of $0.06 per share in Q1 2021.
The company expects its best case to generate $700 million in free cash flows this year, assuming a WTI average of $95 a barrel. Such steep free cash flow will notably bring down its debt position and make way for dividends.