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 > More 12 months target for Baytex and others CDN stock

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Comment by red2000on Oct 15, 2023 8:35pm

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Post# 35684647

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:More 12 months target for Baytex and others CDN stock

I am happy to read all your posts.
Actually the Credit facilities used of 788M$ and the Term loan of 199M$ CDN bear interest at 6,5%.
Others long term note bear interest respectevely at :
8,75% due april 1st, 2027 (542M$).
8,50% due april 1st, 2030 (1,059M$).

For a total Debt of 2,588 B$ CDN$. See below !

So remember what Mr. Greager said at 75US$ WTI = 1B$ of FCF CDN.
Each 5$ increase add 218M$ of AFF, which probably equal another 87M$ CDN of FCF. (40%).

With my homemade calculation, I saw the WTI at 75,18$ for the 3rd quarter.
October close at an avg. of 85,40$ and so far, i see november at 85,15$.
So if we stay at 85$ until May 2024, Baytex had good chance to clear the 1st Long term Debt of 542M$ before end of Q2 2024 and save on an annual bases 47,4M$ of interest. I smell a dividend increase to 3 cents quaterly coming with YER results 2023 !

No matter what happens to interest rates, Baytex is shielded with in addition, it's hedges which protect 40% of the production. That's my view ! GL LONGS !