Post by
BayStreetWolfTO on Jun 16, 2021 10:12am
Macro oil data continues to support BTE plan.
Per webcast $65+ is gravy
Including hedges
$55=$1.0b
$60=$1.5b
$65=$2.0b
2022 Oil up to $55 goes to debt, 2022 proceeds above go to shareholder return is my take on commnent...which is exactly where we want to be a great balance. While targeting debt to EBITDA metrics
Big swing coming.
Reference: https://www.globenewswire.com/news-release/2021/06/01/2239867/0/en/Baytex-to-Present-at-RBC-Capital-Markets-2021-Global-Energy-Power-Infrastructure-Conference.html
Comment by
Unlucky13 on Jun 16, 2021 10:21am
That's a 5 year plan and at $55 it's only half of the debt. That's a ten year plan to just repay debt!
Comment by
Bully88 on Jun 16, 2021 10:26am
Any insight or math for share buy-backs or coming up with figures for a dividend and their impacts on share price? Cheers, Bully