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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 > From Brian Ector today ........
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Comment by ManitobaCanuckon Jan 09, 2025 9:17am
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Post# 36395856

RE:From Brian Ector today ........

RE:From Brian Ector today ........

HeavyBanana wrote: "Hi xxxxxxxxx, for this discussion, let’s start with our FCF profile for 2025 - we expect to generate ~ $400 million of FCF at US$70 WTI and ~ $600 million at US$75 WTI. In both cases, there will be minimal FCF generated during the first quarter given our production and capex profile.
 
This is similar to what we experienced in 2024 when we generated no FCF in Q1/2024 but for the full-year 2024, should be ~ $600 million.  
 
Last year we paused our buyback program until the second quarter. This year, we intend to maintain a modest buyback program during the first quarter and then re-evaluate or adjust as we make our way through the year. Our current pace of buy backs for January is ~ $150K per day.
 
Regards,
Brian"



I highlighted the interesting points. Brian seems to have given a tell for FY24 fcf and also an understanding of buybacks currently being undertaken on a daily basis even if it is small in scope.

 

This is positive news , as debt falls ,interest payments reduce , FCF per share increases . Good news overall 

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