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 > Share buybacks June

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Comment by JohnnyDoeon Jul 07, 2024 9:26am

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Post# 36121700

RE:RE:RE:RE:Share buybacks June

jleer42 wrote:
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.

The debt target will not be hit in Q1 2025. I've not seen anything that suggests that. I think we're looking at mid 2026 at current prices

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