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 > It's time to execute a SIB !!!

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Comment by BayStreetWolfTOon Sep 01, 2022 4:27pm

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Post# 34936527

RE:It's time to execute a SIB !!!

Red, we need to stick to the plan

1. Debt to $800M than go 50/50 debt/buybacks
2. Debt to $400M than buyback/divy time all in

2023 is very close. Remember $85+ is outstanding free cash flow.

You hit $800M in 2022 and at $85 (below where we are today) we hit that $400M target before 2023 ends.

Too many thinking we need $150 oil. The numbers at $85 are great.

In the meantime I get to use divy money.

Don't rush things...the noise will go away in my opinion. China can't stay locked down forever...we wait for Chinese elections and US election of course.