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 > Q3 Share Buybacks

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Comment by WaterDPlantson Oct 10, 2023 11:20am

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Post# 35677055

RE:Q3 Share Buybacks

Using your numbers free cash flow should be…

$ amount shares repurchased x 2 (50% to buybacks) x USD to CAD + dividend (852M x .0225) x 2

$74M x 2 x 1.3 + $19M x 2 = $230M CAD for the quarter

Not bad given capital costs are usually higher in the 3^rd quarter.

Nevertheless, I will wait until the numbers are posted in a few weeks. Given the political landscape, I do not believe oil will crater nor do I think oil will skyrocket. $80 to $85 WTI is fantastic.

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