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 > BTE history and my estimate…

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Post by Paray99 on Feb 26, 2022 12:49pm

BTE history and my estimate…

Below I have shown the total shares, BTE stock price, average WTI price and average production from year 2013 to 2021. Some of these values are roughly taken, but we will get a good idea of cyclical performance of the company. Company experienced some heavy dilution through these years.

Now that we have the 2022 guidance: 81,500,000 boe/d. 550M free cash flow. 25% return of FCF, if the WTI stay steady at ~$95/b, BTE could hit ~$11 easily. Anything more than that depend heavily on overall performance and increase in production.

2013: 124,497,000 ($44-$37), WTI-$106, production 60,184 boe/d (89% oil and NGL)

2014: 166,709,000 ($49-$41), WTI-$97, production 94,093 boe/d (85% oil and NGL)

2015: 210,225,000 ($19.5-$3.9), WTI-$46, production 82,170 boe/d (81% oil and NGL)

2016: 211,542,000 ($7.7-$4.7), WTI-$45, production 67,167 boe/d (78% oil and NGL)

2017: 235,451,000 ($4.1-$2.7), WTI-$48, production 69,310 boe/d (80% oil and NGL)

2018: 553,950,000 ($2.3-$5.4), WTI-$60, production 82,412 boe/d (81% oil and NGL)

2019: 557,972,000 ($2.6-$1.6), WTI- $56, production 94,927 boe/d (82% oil and NGL)

2020: 561,163,000 ($1.87-$0.34), WTI-$41, production 77,814 boe/d (82% oil and NGL)

2021: 564,213,000 ($4.1-$0.7), WTI-$70, production 79,942 boe/d (81% oil and NGL)