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 > Been in a year

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Comment by 1234bmthon Mar 03, 2024 7:27pm

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Post# 35912380

RE:RE:RE:Been in a year

Making $290M FCF in Q4 2023 doesn't mean BTE will generate almost the same each Q of the year even assuming oil price stays the same because the capex allocation is not equal for each Q, 2023 and 2024 guidance clearly says that more capex will be allocated for Q1 and Q3, so assuming oil price remains unchanged Q1 and Q3 FCF will be significantly lower than Q2 and Q4, same was for 2023. 2024 guidance is very clear at $75 WTI FCF will be $575M which Q2 and Q4 will have higher FCF than Q1 and Q3, therefore don't expect strong FCF for Q1 2024 unless oil jumps above $100 tomorrow and holds till end of March.

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