Baytex Energy Corp T.BTE

Nat Gas Soaring

[fortunefavorsus]

Nothing looks like it is going to slow the climb in NGL and Natural Gas as Europe desperately trying to get off Russian Gas.  I wonder if BTE has the ability to increase the amount of gas from its wells in Eagle Ford without impacting oil production?  2nd quarter results are going to be off the charts.  Could they be under a billion in debt?

[red2000]

Hi fortunefavorsus ! Here is below the answer received  last march 18, by Brian Ector VP Capital Market of Baytex  Don't hesitate to send him an e-mail, if you need more details, he is very quick to answer !! Hi Brian, Correct me if I am wrong, see below my understanding for 2022 production.       Decline

[fortunefavorsus]

Thanks for information.  Kind of surprised they aren't targeting more gas production but it is only recently that gas prices have again surged higher.  Maybe they were expecting the usual decline in natural gas prices for the summer/winter.  But the Russian sanctions change everything.  If natural gas prices go up to $8 I bet they might increase more gas focused wells in

[red2000]

Do you see my previous post this morning, : https://stockhouse.com/companies/bullboard?symbol=t.bte&postid=34558244 here is a little abstract : Remind you, CAPEX are around 6M$ per well on the Eagle Ford area ! CAPEX at Clearwater are around 1 to 1,2M$ per well (6 to 8 laterals) ! A lot of properties to develop in Alberta !!! Which US cie may buy Eagle Ford... EOG : EOG Resources PXD

[fortunefavorsus]

So why doesn't MRO just take total control and buy out BTE?

[red2000]

Don't hesitate to ask Brian Ector for more details about it !!! Please, let us know is answer !!! :)  

[Volkomm]

They would only buy out the Eagle Ford asset. No US large-cap would ever in their right mind enter into Canada to do business. It's a political and regulatory nightmare. Would be a steep learning curve for a corp that's never done business up here.  They all left en-masse years ago and they aren't coming back. 

[BayStreetWolfTO]

This is all about return on investment. As Red has highlighted well economics vary and will drive decisions. You have to ask yourself do you want 5 Clearwater wells or 1 Eagle Ford well THe BTE management team is very smart they will allocate capital based on the best return I can assure you they watch the price and forecast data on both oil and gas.

[fortunefavorsus]

I remember awhile back some investor said Eagle Ford wasn't worth much because it was gassy.  But we know BTE had prime oil lands in Eagle Ford.  Now that gas prices are increasing I wonder if BTE will target some sections that have more gas and are cheaper to drill?  I came across this chart on Eagle Ford gas/oil percentage back around 2008 when gas prices were high.  For