RE:RE:Baytex in a UNIQUE position......Hi Uwebb429 !
Nice recap of the situation for Baytex !
As soon as the fed reduce Interest rate, we will see a good opportunity for Baytex to renegotiate is LT Debt for the end of 2024 !
Any interest saving may help to increase a bit more their Dividend ! I see 0,03 per share already in 2024 for a 33% increase ! It's only an increase of 6,5M$ quarterly.
I hope we will have more colors about their drilling and adjustment wells in Eagle Ford with the YER ! 160,000 boe/d for Q$ 2024 seems very achievable for my own understanding !
Don't forget also their reserves update, may reach new high and more years, which increase assets value ! I see roughly 350-400M$ of FCF for Q4. (include insurance expenses of 60M$) but without Vikings assets sell for 153M$.
Earnings for Q4 roughly 275-300M$ for a total of 600-625M$ for YER of 2023, without reserves and impairment update.
New record revenue of 3,6B$ for 2024.
A lot of good stuff ! Hope I am right !!! But it's always the same... market will decide
GL Longs !