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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.


TSX:BTE - Post by User

Baytex Energy Corp > Debt Target?
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Comment by masfortunaon Oct 30, 2023 6:37pm
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Post# 35708260

RE:RE:RE:Debt Target?

RE:RE:RE:Debt Target?
Sugaree wrote: Still hoping someone on here might know if this has been mentioned?

Anyone???

 
Sugaree wrote: Anyone have a clue?

Sugaree wrote: Anyone know when Baytex projects the $1.5b debt target might be reached at WTI $80 and $90 that would the trigger 75% FCF to shareholders? 






Hi Sugaree.  Using $75 wti and Baytex's numbers, they expect to hit 1 billion fcf of which 500 million goes to debt. So 1 billion debt paid off in 8 quarters from here. That would take us to 1.6 billion debt. Assuming a higher wti avg of $80 in 2024 and 2025 would take us below target debt of 1.5 billion. Gl!
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