Recap for the weekBaytex made millions in FCF on the recently drilled inventory this week
Oil $92+ for the weekend
How did WTI and BTE do this week
WTI
Monday open $88.39
Friday close $92.60
Weekly change 4.76%
BTE
Monday open $7.03
Friday close $7.55
Weekly change 7.40%
Like always flippers jump in before earnings and sell after...always happens...today was washing out the specs.
Now back to massive cash flow...
Q4 much lower Capex and in less than 60 days old hedges dissappear.
Did anyone notice no additional 2023 hedges
Next stop Feb Q4 report...looking forward to 2023!
Nice that the buyback blackout period is over!