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

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Post by ManitobaCanuckon Oct 30, 2024 10:03pm

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Post# 36289927

2024 guidance

2024 Guidance

Our 2024 guidance remains unchanged with E&D expenditures of $1.2 to $1.3 billion and production of 150,000 to 156,000 boe/d.

Based on the forward strip(3), we expect to generate approximately $700 million of free cash flow(4) in 2024.

(1) (2) (3) (4) Capital management measure. Refer to the Specified Financial Measures section in this press release for further information.

Calculated in accordance with our amended credit facilities agreement which is available on SEDAR+ at www.sedarplus.ca.

2024 pricing assumptions: WTI - US$77.50/bbl; WCS differential - US$14.50/bbl; NYMEX Gas - US$2.40/MMbtu; and Exchange Rate (CAD/USD) - 1.36.

Would be huge IF THIS GUIDANCE TURNS OUT TO BE TRUE and WTI is up at 77.5 for next 2 months .

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