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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 10:27pm
156 Views
Post# 36294622

RE:RE:RE:RE:OPEC+ Extends Voluntary Production Adjustments

RE:RE:RE:RE:OPEC+ Extends Voluntary Production AdjustmentsI might be a lil wary of that statment .
q1 is usually capex heavy so not much or nil  buybacks , q2 is when buybacks just start and q3/q4 is when they take off buybacks. So by July 2025 , I dont think they will purchase the full 70mil this time around if Oil sticks between 70-80 ,60 mil shares buyback  max . 90-100$ oil is another story though , lol They generate 1-1.2 bil FCF  at 90-100$ oil .
1 year of 90-100 Oil , 600 mil to debt and 600mil to buybacks . Debt reaches 1.5 bil target and they buyback 120mil shares .
1 year of 90-100 Oil is needed for this to shine , Remember between 2009-2013 avg oil price was b/w 90-100 for 4 years 

 
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