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 > Canoe Energy update

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Comment by BayStreetWolfTOon Jul 11, 2022 8:13pm

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Post# 34816737

RE:RE:Canoe Energy update

Red, in my opinion we see a bit more Capex in Q3 vs Q4. I would expect Q4 FCF to be higher and reduce the debt more than Q3.

I still have <$800m debt in Q4 at current pricing so yes everything sets up for 2023!

Into 2H 2022 now. Not many would have believed our position would be here 2 years ago.

red2000 wrote: Long term debt forecast from Canoe Energy at strip price

For Baytex
Q2 - 2022 : 1,008 B$
Q3 - 2022 : 793 M$
Q4 - 2022 : 613 M$

If it's right, we may see a dividend before end of 2022, becasue under 800M$ after Q3 !!!

And a much higher one in 2023 !!!

Q1 - 2023 : 440 M$
Q2 - 2023 : 205 M$
Q3 - 2023 : 10 M$
Q4 - 2023 : (168M$) no more long term debt !!! Imagine the dividend

Like the good old days 0,20 monthly dividend !!!

We never know !!!

GL Longs !