Baytex Energy Corp T.BTE

Free Cash Flow

[Lina_Casa]

This was my e-mail message today from Brian Ector, Vice President, Capital Markets.....

Hi Lina, in our investor relations presentation, we show 2022 free cash flow of approximately $375 million at a US$65 WTI price. To give you a sense of how that might change, every US$5/bbl change in WTI impacts our 2021 cash flow by approximately $65 million (after taking into consideration hedges).

Regards,

Brian


This means that around $70 WTI, we are looking at free cash flow of $440 Million!  If we get the $80 WTI that many are calling for this jumps to $570 Million!  That's in one year.

$100 WTI gives us a FCF of $830 MILLION.  Yes I know it's far fetched, but it's fun to dream a bit.

Lina

[Unlucky13]

6 months are almost done and oil has probably averaged $60 so far in 2021.  Hedges restrict upside to $13 million for every dollar over $52, instead of $22 million.  They lose 9 million for every dollar increase in wti compared to what they could have had!  If oil averages $70 for the second half of the year and that's a big if, that's a $65 dollar average in wti.  FCF

[Legodad]

I appreciate your 180 input but Your comments are now just a joke. Your really stretching here. We are on an upswing and for some reason your anti everything. Grow up.

[Unlucky13]

Who are you talking about?  It's an upswing but at $70 oil the stock is very low and is not showing signs of a breakout.  580 million shares outstanding and terrible hedges are the issue. The  low share price scares me if oil goes snack to $65 or $60.

[Legodad]

You unlucky13. I don't want to engage with you any further than this. Your comments are tripe.

[Maxmoe]

Lego, you may as well join us all and put him on ignore. May as well put deepblue on iggy while you are at it. There must be hundreds of us that have the village idiots on ignore. Your instincts are correct.

[BayStreetWolfTO]

Good evening Lina, as I mentioned right now at these levels every day is $1m + which can good to debt I'm glad you completed your DD to confirm directly with the company. This is the appropriate course of action. Of course what you are seeing today is a direct result of the dramatic change in shareholder value we have seen since January 1st December 31. 2020 the stock price was $0.69 a far