Baytex Energy Corp T.BTE

Up 430%, 2 energy stocks you don't want to miss

[Wildfury]

Written by Christopher Liew, CFA at The Motley Fool Canada Last year would have been a banner year for the Toronto Stock Exchange without the global pandemic. In 2021, no one expected the index to have an explosive start, but it did. Were in the fourth quarter, and the year-to-date (YTD) gain is over 20%. Growth investors in particular are having a field day. The top 100 stocks have returns of at least 128%. Most of the top performers are in the mining or energy sectors. However, if you base your selection on sector performance, the red-hot energy sector stands out. Its YTD return is 70.66% compared to the mining or basic materials sectors 0.96%. If you need to narrow down the individual prospects, Baytex Energy (TSX:BTE)(NYSE:BTE) and Crew Energy (TSX:CR) are the logical choices. The energy stocks trade at absurdly low prices, but you cant miss out on them because the YTD return is between 430% and 450%. A $10,000 investment on December 31, 2020, is worth as high as $55,000 today. Remarkable comeback A share of Baytex Energy costs only $0.45 a year ago but has appreciated by 744.44% in 12 months. The $2.16 billion company considers itself as a top-tier oil producer in North America. Its 28 years old and engages in the acquisition, development, and production of crude oil and natural gas. The operations are in the Western Canadian Sedimentary Basin and Eagle Ford in the United States. Like most energy companies, Baytex suffered enormous losses in 2020. However, nearly all of them are staging comebacks this year due to the rebound in oil prices. Total petroleum and natural gas sales reached $827 million in the first half of 2021. It represents a 69% increase from the same period in 2020. Management reported a net income of $1 billion compared to a $2.63 billion net loss. The bulk of income was in Q2 2021. Ed LaFehr, Baytexs president and CEO, said, During the second quarter, we delivered strong operating results and substantial free cash flow. Our free cash flow profile continues to improve, resulting in accelerated debt reduction. Management expects to generate over $350 million in free cash flow in 2021.

[Wildfury]

At the end of the article on Baytex and Crew, it states that Baytex expects over $350 million in FCF for 2021,should be over $550 million, we shall see.

[1234bmth]

BTE's FCF Q1= $70M at $58 average WTI Q2 = $112M at $66 average WTI Q3 average WTI is around $72 so I expect at least $150M FCF for Q3 total Q1 to Q3 FCF would be around $332M or more. Q4 so far WTI average is $80 and if it averages $80 + at the end of Q4 we can expect another $190 to $200 FCF and total 2021 FCF will be between $530M to $550M. If oil goes up or down from here the Q4 estimate

[red2000]

Hi Wildfury ! Thank's for the info ! For my own calculation, FCF of 550M$ for 2021 is a bit high ! But keep that in mind for 2022 ! I expect around 425M$ for 2021 ! Without Clearwater !!! Enough to pay full initial 1st long term debt of 400M$ (now at 296M$ end of june). More confirmation with Q3 !!!! Imagine for 2022 ! Right now with WTI at 83$ and 85,000 boe/d still without Clearwater

[GABY51]

CA  SIGNIFIE  QUOI  ENVIRON  LA  VALEUR  DE  L'  ACTION   7$  ESCE  TROP

[Maurice1]

je sais pas si $7 sera arriver bientot mais BTE a me fait beacoup de l'argent et je resistera la avec pour un autre deux ans et je pense il sera environ $10 au plus bien sur.