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 > Money saved with hedges off in 2023

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Comment by red2000on Nov 08, 2022 5:39am

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Post# 35081067

RE:RE:Money saved with hedges off in 2023

Hey hey JD ! Good morning !

So far, we have to keep in mind that hedges for 2023 are at 96$ instead of 68$, which is a 41% upside for 9,500 bbl/d !!

For example, if we have the same WTI$ as 2022 Baytex will add 284M$ + the Q4 loss in hedges in 2022, for 2023 and a 41% upside base on new hedges until we reach 96$ per barrel for 9,500 bbl/d.

I think Baytex already count it in their 2023 forecast !

At the end it's a lot of money !!!

Only my view !

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