RE:RE:RE:Eric's Top Pic....Baytex can apply to increase the size of the NCIB when they are close to the allowance... companies do it all the time.
If Baytex continues the current level of buybacks at just over 6M shares per month, they will need to increase the NCIB next Spring (assuming they do it a few weeks ahead of when necessary).
If Baytex increases the rate of buybacks, which Eric is hinting at in H2, as capex is heavily skewed to H1, leaving more FCF for H2.... then they could hit the current 70M NCIB cap by year end or sometime early in Q1 2025. At that point they would need to increase the existing total shares allowed to be purchased under the current NCIB at that time.