Why I am still confident with Baytex..Because their strategy is clear and was explain loud and clear !
As many of us know, Brian Ector, Vice President, Capital Markets of Baytex is always available to answer all questions about Baytex.
Here is a part of questions send to Brian, last september :
Good afternoon, Mr. Ector
Here are, below, quick questions that I would like to know when Baytex may publish these type of information.
1) Do you expect to release new drilling results for the Peavine and Seal area ?
Ref. Sept. Presentation : H2/2022 drilling program kicked off in July with 14 wells planned.
We will have results to share with our Q3 results in early November. We brought four wells onstream during Q3 and should have 30-day rates shortly. We will have another 9 wells onstream at Peavine during the fourth quarter and one additional test at Seal.
2) Do you think Baytex is able to reach a higher boe/d for the end of 2022 compared to your 2022 guidance ?
Ref. Sept. Pres. : Expect to exit 2022 producing ~ 87,000 to 88,000 boe/d.
Our targeted year-end exit rate is unchanged.