Baytex Energy Corp T.BTE

Maybe closer with Iran. WTI reacting a bit

[BayStreetWolfTO]

Biden might be saved with some extra barrels?

WTI moved $4.00 on initial reports....so I guess $91.00 vs $95.00

I have read anywhere from a $5-10 discount to current prices with Iran in the mix. Still doesn't matter even $85-90 is massive FCF over $715 million per year at that level with a 10% drop in WTI (if that happened). Baytex would still be printing money at that rate and would be WAY over the upper management plan.

That said average WTI for 2021 was only $65.35. Q4-2021 was $76.04, Q1-2022 is $79.36


"Iran's nuclear top negotiator Kani says after weeks of intensive talks, "we are closer than ever to an agreement"

[JohnnyDoe]

I think the market will over react to Iranian barrels. Two reason. First, from what I read satellite tracking already shows the Iranians are exporting oil so what we're talking about potentially is an increase in production beyond what they're currently unofficially exporting. Secondly, unless they're pumping those barrels into storage, the production is offline now and we've

[JohnnyDoe]

I think the market will over react to Iranian barrels. Two reason. First, from what I read satellite tracking already shows the Iranians are exporting oil so what we're talking about potentially is an increase in production beyond what they're currently unofficially exporting. Secondly, unless they're pumping those barrels into storage, the production is offline now and we've

[BayStreetWolfTO]

JD I agree 100% Iran has been exporting lots of oil under Biden (known and secret) I imagine they would also tow the OPEC line of "balance". Iran is not stupid they know at these prices they are making lots of money. I think the media and Biden is praying they pump more....I have a feeling Iran will stick to the OPEC tune.