Baytex Energy Corp T.BTE

2024 BTE has 450 Mill Shares, Not Debt, What's the Dividend?

[jdmecomber]

If Baytex is debt free and bringing in AFF of 3 Billion, What could a possible dividend look like?  I know Ed mentioned that Baytex is a dividend paying company a while ago, just not right now.  Any thoughts would be appreciated.

[Unlucky13]

558 million shares and 1.2 billion in debt now.  That's a big assumption that oil stays above $100 for two years.  If it does maybe we get to 450 million shares and zero debt by 2024.  As of right now it's 25 percent share buybacks and 75 percent to debt repayment.  This isn't the same BTE because of the massive dilution and bank enforced hedges, that's why the

[Nothingmatters]

I was thinking of giving your mom some dividends too..

[Decaffeinated]

You should apply as an analyst at one of the research firms, put your mad skills to work!

[Maxmoe]

Your new, so I'll assume you don't know better. This sicko psychopath gets his jollies and pleasures himself when you or anyone responds to him. Picture that next time you feel compelled to quote him. It sickens me to post this reminder to all. Please just put him on ignore like the rest of us, or if you can't, please don't quote, copy/paste,make fun,taunt, or even mention the name

[JohnnyDoe]

ok, so let's pick this apart. Let's assume that as of April 30, there is 1.2B in debt, 550 M shares, and we'll use 700M fcf at 95 dollar oil. There's 8 months in 2022 left. If oil averages 95 from now to end of 2023, you've got the 1.0b fcf next year and 460 fcf this year as per corporate presentation. That's enough to be debt free at close of 2023 with 260m left over. You

[cgyinv]

$1 dividend a year, assume 4% yield, that's $25 sp, sounds right

[Wildfury]

JD, since you like correcting posters I think you need a lesson in NCIB procedures. FYI, a company that has NCIB approval is only allowed to repurchase 10% of their float, which means that they can only buy 55 million shares approximately in one calendar year if I'm not mistaken. You should private message BSW to confirm this. They will never buy back more than 100-200 million shares which

[Maxmoe]

I LOVE correcting others, though I get cranky if I think they are being dishonest. JD seems honest to me. Yes, WF, there are limits to the share purchase using the NCIB, Normal Course Issuer Bid. In addition to the annual limit of 10% of the float ( so insider shares are excluded)  There are also daily limits based on average trading volumes. But, if a company, like BTE, or any other wanted

[JohnnyDoe]

wildfury, I'm aware of ncib limits and yes up to 10% is feasible. The hypothetical question was BTE's dividend by 2024 with a share float of 450 and zero debt. Is 450 achievable with a max buyback of 10% annually? Yes. He asked about a hypothetical scenario, so I answered it hypothetically. Spit balling what it would take to achieve his scenario. now, I do want to point out a couple of

[Maxmoe]

Yup, JD, seems like an honest guy to me.

[jdmecomber]

it actually seems pretty reasonable ;)   ok, so let's pick this apart. Let's assume that as of April 30, there is 1.2B in debt, 550 M shares, and we'll use 700M fcf at 95 dollar oil. There's 8 months in 2022 left. If oil averages 95 from now to end of 2023, you've got the 1.0b fcf next year and 460 fcf this year as per corporate presentation. That's enough to be

[Tommy007]

I would expect to have dividends when the share price is at least more than $20. For now, it should  be repaying debt and reducing outstanding shares. In order to reach the above goals under such favorable high oil price condition,  BTE should invest more on increasing daily production by more wells drilling.