Baytex flash back...blast from the past. Enjoy!I thought I would share the following
1. On the left a snapshot of the 2020 5 year plan...back when oil was $40 LOL
2. On the right the picture today using $95....oil currently $95+
Note:
- Back than 2022 ending Net Debt to EBITDA was projected at 1.8x (now 0.7x)
- Back than it would have taken us to 2025 to get to 0.9x (we are already right now probably below that 3.5 years earlier)
- Back than debt was still big in 2025 (now the chart shows almost no debt in 2023 WITH BUYBACKS!)
- Back than we had Full Year FCF in 2022 of $200M. (We should have $200M+ just in Q2)
- Back than 5 years was ~$1.2B over 5 years @$55 (now ~$4.4 Billion at $95)
- Back than we had no buybacks today we have a 10% NCIB
- Back than dividends were far out. Today at these prices most likely 2023
- Back than 75% of FCF (say dividends @ $55 oil would be .27 cents per year. Today that would be a 4.3% yield roughly with ONLY $55 oil)
So if you think today is tough you really don't understand
