BEST YEAR EVER FOR BAYTEX !!!Good afternoon Ladies & Gentlemens !!!
Here is below, a quick recap YER of Baytex since 2011.
As you can see, Baytex already beat so far in 2022 majors yearly milestones in terms of :
Gross Revenues Already beat 1,969 B$ of 2014 in only 9 months,
with 2,24 B$, very close to reach 3,0B$ this year !!!
Ajusted Funds Flow Already beat 902,4M$ of 2019 in only 9 months,
with 909,6M$, very close to reach 1,1B$ this year !!!
Free Cash Flow Again, already beat 412,3M$ of 2021 in only 9 months,
with 417,9M$, probably reach 550M$+ this year !!!
Net Debt At the end of 2018 the net debt was 2,26B$, at the end of sept 2022, the debt fall to 1,1B$ a 50% reduction in just 4 years, they will probably end the year 2022 around 925M$ or so.
Price per Share In just 2 years the s/p has increased by 1 138% , from 0.48, at the end of 2020 and today the stock closed at 5,88$. Net Earnings After 9 months in 2022, Net Earnings reach over 500M$, the best year ever without impairment reversal.
Very closed to reach 700M$ before impairment reversal for 2022. I think it’s possible to reach 1B$ of Net Earnings, with an update coming on proven and probable reserves (Clearwater for instance) and a new projection of the price per different type oil produce and sell for the futures 10 years. How about boe/d… Baytex management already confirmed 87,000 boe/d for the 4
th quarter of 2022.
If it’s the case, the avg. boe/d produce for 2022 will be 83,538 boe/d. It’s a 4,2% increase compare to 2021. If they maintain this trend for 2023, it’s another 4,1% compare to 2022.
In only 1 week we will have all the details of the year 2022 and commitment of the management team about the year 2023 and more…
So I ask you all the question…
What do you see coming for Baytex for 2023 !!?? GL Longs !