Baytex Energy Corp T.BTE

Like Baytex but...

[Rational43]

Half their oil production is sold forward for the next two years, as prices way below current market ($52 max).  

Giving away $20 - $30 per barrel, and recording huge Mark to Market Derivatives losses is really unfortunate.  

ATH in a similar spot, almost 60% of '21 production hedged, most at $55. 

CJ is in a sweet spot, with 13% of H2 production hedged, and is going to be one of the first beneficiaries of truly outsized cash flows.  Also has the option to lock in hedges and receive $20 a barrel higher than its competitors for '22. 

I think CJ will run first once Q3 and Q4 numbers come in, and they look a lot better than ATH, BTE and others on cash flow and earnings.

[dandu1924]

But But But, dont forget Clear water project! FCF

[red2000]

for me Baytex is the best one to grow another 100% before end of 2021 ! Exactly ! And production over 85,000 boe/d ! And Buyback shares starting Q3 of 2021 ! And Dividend starting in Q2 2022 ! Two long term debt for a total of 900M$ paid before end of 2022 !!! Do you imagine 900M$ debt out ! Also Asset value and reserve value may increase for another 500M$ because of actual WTI price and

[topdown99]

Hey red !!!!  Yeah , like me some Baytex . FCF and debt reduction will have this one as a market favorite again . Shine some light on Clearwater and let the upgrades begin . Strong prices and rising demand , hard to find anything not to like .

[topdown99]

Everyone's got an opinion , I'll wait for July 28th and Q2 results

[viper2000]

what do you think of obe and cr?