Baytex Energy Corp T.BTE

Have a great weekend everyone!

[BayStreetWolfTO]

WTI $110.45 NatGas $7.65=BTE $1.497B/yr AFF & $1.0B/yr FCF

75% debt 25% buybacks

Accelerating the thesis one day at a time...

INCLUDING HEDGES

Free Cash Flow at this price;

Daily $2.7+ million ($685K+ for buybacks)
Week $19.1+ million ($4.8M+ for buybacks)
Yearly $1.0+ billion ($250M+ for buybacks)

Nice to see WCS $96+ impressive

[gmf1001]

so if you apply these numbers to BTEs May presentation plan, they should hit the $800M debt level in a little less than 7 months (roughly the end of November) and ahead of the predicted date (early 2023).  Hopefully that means that during the Q3 earnings call, they should give a good idea of what's next for the increasing free cash flow and how that impacts the shareholders.  Hedges

[JohnnyDoe]

at these prices I think they might hit that debt target in October. What I'm hoping is that on q2 call they address some of their thinking on returns. They certainly should be dialed in pretty good at the point where they are relative to the 800 number. I assume that they will stick to the 2022 plan on debt and buybacks. At these rates I suspect they exit 2022 with roughly 650 in debt. I'd