Baytex Energy Corp T.BTE

What will BTE trade at $100/barrel Oil?

[Adwari]

Any quess?

[Unlucky13]

Since the hedges only grant them an extra $13 million for every dollar above $52 if oil someone went to $100 this year they would only make $600 million, which would only pay off about 30 percent of debt.  Sustained $100 oil means they would still owe 1.5 billion come 2022.  At a 5x P/E ratio that's about $1 in free cash flow or earnings which at fair market value of a p/e of 1 puts

[10xbagger]

Your math is wrong.  They make for every dollar above 52.40 WTI $13 and $3.2 Heavy oil and $4.2 light oil.  At $65 oil they make $275Million at $65 and $979M at $100 oil. Unhedged its $462m at 65oil and 1.76B at $100 oil. 

[DeepBlue2]

27.00 after two quarters