Baytex Energy Corp T.BTE

Remember this from early this morning...

[BayStreetWolfTO]

Oh yes oil is up from this message. Someone needs new material....massive cash flow over $100...

The Wolf certainly is enjoying $100+ oil...every single day accelerating the company plan....


WTI $106.39 NatGas $7.54=BTE $1.472B/yr AFF & $1.022B/yr FCF

What matters.....

Banked share buybacks using the 25% of FCF YTD (catch up to be completed)

Accrued buybacks YTD to be completed based on company plan.
Approx $53+ million worth of shares to buyback (at todays prices ~9+ million shares)

Free Cash Flow at this price;

Daily $2.8+ million
Week $19.6+ million
Yearly $1.022+ billion

Nice to see WCS $94+ impressive

Obviously way above current BTE guidance which is $550m FCF for 2022 (using $82).

Shows the impact of higher prices.

[jdmecomber]

Wolf they re adding like 5 million for workers, so really they re only buying back.  4mill????? Accrued buybacks YTD to be completed based on company plan. Approx $53+ million worth of shares to buyback (at todays prices ~9+ million shares)  

[BayStreetWolfTO]

JDM, remember that's only YTD to be caught up..and the average Q1 WTI was of only $80.....we are only mid-April...lots more to come at $100+ oil.

[jdmecomber]

10-4.  Sir