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 > Risky disappeared after being so wrong

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Comment by riskion Apr 05, 2023 9:02am

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Post# 35380604

RE:RE:RE:RE:Risky disappeared after being so wrong

I couldn't get it to post. It's not on a website, so I can't just link.

You may have to just go by my description. It is a bar chart with a couple dozen mid size companies on it showing CFPS sensitivity to WTI. BTE is among the highest with 16% CFPS at $70 WTI and 24% CFPS at $90 WTI for 2023. Looking deeper into their data, they are underestimating post Ranger production to be conservative which is why Nuttall's CFPS projections are much higher nearing 40% as he is counting full production and growth from both companies' assets.

Bottom line is that this is an unbelievable opportunity to make a lot of money. Above $70 WTI, BTE could easily start paying a $1/share dividend at sometime in 2024 and STILL have tons of extra cash for buybacks and debt reduction.

Incredible and it will be impossible for the market to ignore.