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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

Post by MLEWICKIMBAon May 18, 2024 2:51am
343 Views
Post# 36046952

April Cash Flows Received in May -- The Traders just handed

April Cash Flows Received in May -- The Traders just handed BTE a GIFT.

Now that prices are stable and the fact that they didnt go down at all really after their earnings release BTE has been able to literally scoop up more shares retiring those shares at a lower price than the average buybacks ten months running.

Revenue are received one month after the fact.  So high oil prices in April are just flowing in during MAY,

At some point as Cole Snead has stated many times -- AT SOME POINT THE TRADERS WILL BE GONE as they GET WIPED OUT with STOCK RERATES.

I am upping my share buyback estimate to 57M for the first year NCIB. 


NCIB = 68,400,000
To Date:  47,000,000

ML Revised Target = 57,000,000 

83%

Pretty good.  
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