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 On the Close?

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Comment by BayStreetWolfTOon May 05, 2022 10:32am

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Post# 34658473

RE:RE:RE:Guess On the Close?

Snow the only point I would make and Ed mentioned it last year is that buybacks will happen until they feel the share price is appropriate. At which point we would move that cash from buybacks to dividends.

So again no downside now that we are in a good cash flow situation.

Price down buybacks, price up closer to dividends...makes no difference long-term

Still the thing to watch is Oil/Gas prices....at thsi rate we hit $800M in Q4 this year anyways...so maybe we have both soon.

The chart which shows the current Q3/Q is stronger than what we need to hit that $800M target....so even if oil drops we are good.

Don't forget SPR still needs to be bought....and China eventually lifts their prison rules.

RECENT CONTRACTS	LAST
Crude Oil Jun 2022	$ 109.54
Crude Oil Jul 2022	$ 108.02
Crude Oil Aug 2022	$ 106.11
Crude Oil Sep 2022	$ 103.99
Crude Oil Oct 2022	$ 101.65
Crude Oil Nov 2022	$ 99.81
Crude Oil Dec 2022	$ 98.17
Average 2022 remain	$ 103.90

Snowballer wrote: I wonder how aggressive BTE will be on the buybacks... if the view of the the rest of the year looks strong I would hope they come out strong and spend 30% to 50% of the buyback budget at these price levels immediately. Anything below $7 seems to be best bang for buck and not doing that would be a HUGE missed opportunity if oil stays over $100. Shareholders will be annoyed if BTE lags on the cheaper side of things. Now is the time. They need to support the price action all the way to $8

topdown99 wrote: I am not holding my breath for a big day today or tomorrow but keep in mind as of Monday , the NCIB is in play so I don't expect anyone is going to be making any big "short" bets either . $7.70-ish remain as the level which will indicate the hounds have been released and a close above that will indicate open skies but right now analyst lowball targets are the excuse "de jour" . In the meantime , I have all the time in the world and other "transactions" that are making more short term percentage gains .