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 > Q3/2024 Price Benchmarks

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Comment by ManitobaCanuckon Oct 28, 2024 5:49pm

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Post# 36285860

RE:Q3/2024 Price Benchmarks

ztransforms173 wrote: WTI (USD/bbl.):   75.10

WCS Price Differential (USD/bbl.):  MINUS 13.55

AECO DAILY Index (C$/mmcf):    0.69

z173

Thank you for this .
Even if oil hits 60bucks for next 2 months we still get $72avg for 2024 = almost 550mil FCF .
200mil to buybacks and 75mil to divvy . YTD 34mil shares repurchased=160mil .
Even at 60 bucks oil for next 2 months .
They have 40mil or 13 mil per month in q4 for buybacks .
So additional 10mil shares will be bought back at 4 bucks in q4 if oil is at 60 .
At 70 bucks oil for next 2 months , they will have an extra 50 mil to buyback , so 90 mil to buybacks or 22.5mil shares bought back at 4 buck in q4 .
I think the buybacks is keeping the price from falling drastically .

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