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 Ztransformeron Jul 07, 2024 12:00pm

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Post# 36121796

RE:RE:RE:RE:RE:RE:Share buybacks June

There is NO WAY on earth Baytex will achieve $1.5b debt target by 2025 unless WTI shoots to $95+ & remains there till 2025 end. At current strip pricing, $1.5B debt target to be achieved by late 2026 to early 2027 IMO, easy to do this napkin math.
With current WTI strip averaging $80s per bbl, Debt should reduce to $2.1 - 2.2 billion by end of 2024. Hopefully down to $1.7-1.8B by end of 2025 assuming $700 fcf continues. Good Luck to All!
AGAIN REMINDING that BTE management needs to show debt reduction on their balance sheet QoQ with ongoing beautiful stock buybacks.

-z172

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