RE:Suddenly WTI over 79$ !!!WTI over $79 with summer driving season still on the horizon. Things are looking really good.
No need to think about Old Baytex. They already have support of more than 50% of the Ranger shares. It is a done deal and it is a good deal.
Everyone got all butt hurt about taking on some new debt. Why? New debt at 6% for a 20% increase in free cash flow. No need to be a Rhodes Scholar to figure out why that is a good deal. And that is at $75 WTI. The cash flow numbers become eye watering if you start looking at where WTI might be going later this year.
Baytex + Ranger corporate presentation
https://www.baytexenergy.com/content/uploads/2023/02/2023-02-28-Baytex-Ranger.pdf