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 riskion Jul 19, 2024 2:49pm

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Post# 36140464

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

I guess that's my point. We are in Q3 country for the "out of the park" results because they have shifted capex to Q2. Q2 is going to be pretty ordinary because of that 350M capex. Expecting more than ordinary before Q3 will certainly result in disappointment.

JohnnyDoe wrote: To my point Riski, I get the cash flow yield is attractive. We've all seen Nuttall's graphs. But that's a carrot stick off in the future.

We started the Ranger acquisition at 1B fcf at 75 wti and it's deteriorated badly since then. There are explanations for it, but we need to hit it out of the park.

It can't always be wait til next Q. Look at the corp deck, the debt to EBITDA ratio hasn't improved in 9 quarters. Them not being able to pay down debt at these wti levels is a reasonable conclusion from that stat.

Improved fcf has to happen. Now.