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.

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Baytex Energy Corp > Guess the fcf after tomorrows close

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Comment by BayStreetWolfTOon Apr 27, 2022 7:38pm

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Post# 34637345

RE:Guess the fcf after tomorrows close

Good evening,

Based on the Q1 average WTI moving from $76 in Q4 to $80 in Q1..(a gain of $4/bbl) I have the following.

Hopefully no one assumes the price in late Feb through March was part of Q1. Remember Q1 includes December when the Covid and SPR release dropped WTI into the high $60's. Some may have forgotten this....regardless still better than Q4!

Anyhow this is what I have for Q1 (I try to be more conservative on the netback)

My guess/assumption (driven by an estimate on production)

BOE/D 82,000
Rev $595M
Operating Netback $345M
AFF $235M
FCF $155M (note this can be impacted by additional capex?)

Debt Target $1.27B

Again just a guess...the question will be production for me. Of course Q2 WTI average is much higher.

nikolaos wrote: Hey guys, since tomorrow BTE is expected to report their results, I thought it would be fun to "guess" what their fcf for the quarter is going to be. Obviously this doesnt add much info to the board but I guess whoever is closest to the actual number pretty much has their finger on the pulse.

If I go by baystreetwolfs average oil of $80.15 for q1 Id guess $142 million fcf.
If I go by Jan-March average oil of $94.58 for q1 Id guess $196 million fcf.

Either way, good luck to all with their investments.