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.

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Baytex Energy Corp > Top Clearwater Wells

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Comment by ManitobaCanuckon Jul 18, 2024 9:35pm

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Post# 36139437

RE:RE:RE:RE:RE:RE:RE:Top Clearwater Wells

Exactly . if you count backwards they bought 16 mil shares at 5 bucks per share in Q2= 80Mil FCF and 18mil in Divvy = 98Mil in shareholder returns and similar amount to debt .
My expectation if 180-200Mil in FCF .
The thing to look forward is guidance - in H2 when Capex drops to 500Mil .
Yrly FCF guidance at 80WTI is 800Mil ,so its almost 800-200Mil = 600 Mil FCF = 300Mil to share buybacks+divvy =(265Mil to buybacks+ 36mill divvy) . 300Mil to debt .
At YE2025 , expect sharecount to be 750Mil and Debt 2.1 Bil .
Yearly Savings on Debt ( 8% yield on 400Mil=32 Million + Divvy 50mil X 0.09 =4.5mil approx)
So in 2025 FCF increased by 35-40Mil approx due to divident saved debt paid back )

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