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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by jdmecomberon Nov 02, 2023 7:44pm
253 Views
Post# 35714866

RE:RE:5 quarters at low to mid 80s wti

RE:RE:5 quarters at low to mid 80s wtiBTE is not gonna generate $1.6B FCF per year at $84 oil because the capex for Q4 is estimated relatively low ($222), this is not the case for every Q look at Q3 capex is $409M, so if we take the average capex of Q3 and Q4 it will be $315M, therefore the average FCF would be $279M/Q, but Q4 production guidance is higher than Q4. In this case the average FCF at $84 oil woul be around $300M ($1.2B per year). This is an estimate, the actual number may be a bit more or less. Overall the report is not great, but it is fair. Let's see what the market reaction will be.


Yeah 1.2 billion in FCF is just horrible.  You should probably sell your shares.  
Why would somone even invest in this company?
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