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 > BTE vs oil price

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Comment by red2000on Sep 14, 2023 8:25am

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Post# 35635505

RE:RE:BTE vs oil price

Just to be sure that all of us are on the same track !

The actual WTI price that we see right now is for future contract of October 2023 !
The actual BRENT price that we see right now is for future contract of November 2023 !

See below what is publish weekly by Oilprice.com to prove it :

Tomorrow, I will post the Oil & Energy insider weekly report of sept 15 by Oilprice.com.

This is what, I use to calculated monthly avg. price, the avg. of all 4 contracts publish by Oilprice.com.

REMEMBER : Trading shall cease at the end of the designated settlement period on the 4th US business day prior to the 25th calendar day of the month preceding the contract ...

So base on this information, here is a comparaison between what Baytex publish on it's financial quarterly report compare to what is the monthly WTI price publish by OILPRICE.COM.

For sure many others factors comes into play for all producers like hedges in place or not and my method is not perfect.
My understanding is... so far, for the rest of 2023, Baytex is well position to receive the full price of WTI price.

So as JD said, the WTI mprice for Q3 should be around 75$.

Hope it help to understand the way WTI price is fix monthly !!!