Bullboard - Stock Discussion Forum 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... see more

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Baytex Energy Corp > Spoke with management….. inside info

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Post by Mr.Nugget on Jul 31, 2021 9:54pm

Spoke with management….. inside info

Management said they do not plan on doing dividends nor share buy backs until 2023 if WTI stays above $70. Painful to hear!

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Comment by BayStreetWolfTO on Jul 31, 2021 10:05pm

At only $70 WTI by Q2 2022 the debt would be in the 1.0-1.2B target of management. On the latest call Ed said that was the target prior to looking at shareholder returns. That said back in the day when investors called me looking for "target dates" I always gave them ultra conservative numbers. Under promise over deliver. Just like the 5 year plan. On another note I am long-term ...more

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Comment by Mr.Nugget on Jul 31, 2021 10:57pm

Yep not until 2023

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Comment by BayStreetWolfTO on Jul 31, 2021 11:08pm

I believe we will see buybacks in 2022 so the good thing is everyone can place their bets. They also said debt end of year should now be $1.4b which is a change from prior comments. The beauty of evolving position. PS Insider info isn't Insider info if they share it with the public. It's just called shareholder communications....but I'm sure you already knew that.

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Baytex Energy Corp