Baytex Energy Corp T.BTE

JD, Red, Td et al....DUC chart update..your opinion..

[BayStreetWolfTO]

It seems drillers have a bigger issue than many think. Frac spreads have now dropped two weeks in a row despite surging oil prices...

If you can't complete it you can't cover off those high decline rates.

This Frac spread graph seems to be worse than I thought. Your thoughts? I know we talked about labour issues, supply issues, cost of inflation etc....but did you think we would be at this point where oil has been $100+ for over 3 months and we can't hold above 280 let alone increase materially?

[JohnnyDoe]

I've been away and disconnected for 4 days. Looks like I missed a big pop on Friday. I'd chaulk the biggest issue up to labour shortages. I thought money would cause people to return but it doesn't look like that's happened yet

[BayStreetWolfTO]

I agree JD, I think oil and the younger generation don't mix...

[Chrisinvan7]

Adjusted for the CPI, $120 WTI is about $85 in 2007 dollars. We'll need oil to go significantly higher to incentivize the investments needed to replace the aging equipment and pay the increased labour and material costs to increase the frac spread count.  What was the count at 2007? Would be interesting to zoom out a bit more on this graph.

[dandu1924]

but  with BUYBACK,   REDUCING DEBT AND FCF  this is the important thing and WE ARE IN BETTER situation to compare in 2007, so I can understand some bashers and fake greenies are going to be under pressure and disturbed. F.off to them, when you put the s.h.i.t. in the ground you will eventualy get  the s.h.i.t in your pants too. Sorry.

[BayStreetWolfTO]

It has been difficult to find this data. I see from 2013 through 2018 at times we has 500 which is what supressed prices through that time period. I would assume it was even higher 2008-2012 That said 279 the current count is very low to those time periods