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 > Greager has us walking the razors edge

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Post by 65F09Aon Dec 06, 2023 1:46pm

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Post# 35771427

Greager has us walking the razors edge

$1.2-$1.3 billion required for BTE just to stand still with prod of 150K-156K.

FCF for 2024 has slipped to $450 million as the 2024 oil price falls through $70.

If the price of oil drops to our hedges there is no FCF.

Greager has taken care of his bond holders and the equity guys can twist in the wind.

If I want to bet on oil going to $80.00 or $90.00 I don't need BTE or Greager to do that.

Am I missing the silver lining in this story?

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