RE:RE:RE:Share buybacks June It is 50% of Free Cash Flow to debt and 50% to dividends/buybacks. Once total debt gets below $1.5b it will switch to 25% debt and 75% dividends/buybacks. Financial statements suggest the debt target gets hit Q1 2025, so not this year.
For the time being BTE is still in the dog house over the Ranger deal, at some point assuming no new aquistions that should change and the SP will lift. Whenever Juniper overhang resolves there should be another SP bump. Juniper dropping below 10% ownership and BTE being able to buy and cancel their shares maybe.
Lots of reasons for Baytex to outperform, but as always, it's tomorrow.