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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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

Comment by ManitobaCanuckon Nov 03, 2024 8:56pm
145 Views
Post# 36294585

RE:RE:OPEC+ Extends Voluntary Production Adjustments

RE:RE:OPEC+ Extends Voluntary Production Adjustments
HeavyBanana wrote: This OPEC extension to the end of Q4 should lock in the  guidance for FCF in Q4 which means buybacks will continue providing some support over the next 2 months.

Middle East fireworks will ignite the stock upward and that should make Q4 guidance ultra conservative.

Pretty nice setup in front of us.


The cheap buybacks are a blessing , Last year they bought back 40mil shares . This year they are already at 45 mil shares bought back till Oct 31 2024 . Another 10-20 mil shares can be bought back easily with FCF at 70 WTI .
Thats like a 50% jump in buybacks from 2023 to 2024 , EPS and FCF per share increases by 5-7% per year with these buybacks , not bad.
YE 2027 I see double digits if Oil holds.
Thanks  
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