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 > Kudos to the cfo

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Comment by red2000on Mar 20, 2024 9:05am

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Post# 35942430

RE:Kudos to the cfo

Hi Maxmoe !

See below my actual forecast of LT Debt at the end of 2024 if Baytex bought 100M shares of Juniper at 5$, somewhere in Q2 2024.
I used the information published by Baytex in it’s March presentation 2024.
I used the quarterly % of 2022 to allocate quarterly the 800M$ of FCF that Baytex anticipates with a WTI at 80$US for 2024.

Baytex may also paid a part of it’s 2^nd LT Debt of 800M$ with it’s credit facilities unused during 2024, because the rate is lower.
The question remain …

Is it a good idea to bought the remaining 100M Juniper shares ?
By rules, max. nbr. of shares Baytex is able to bought back of a non insider.

I think Juniper will wait after Q3 2024 results, at that time, good chance to see 6$ or more per share and made a 8% profit compare to it's initial participation at 5,56$ CDN.

Feel free to comments