Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > Jun 8th daily update

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Post by BayStreetWolfTO on Jun 08, 2022 8:34am

Jun 8th daily update

2nd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $105.39 for the quarter) 100% Complete

(Avg Spot Rate $107.24 for the quarter) 72.6% Complete

3rd Quarter 2022 WTI Pricing

(Avg Front Month Settlement $115.60 for the quarter) 19.1% Complete

(Avg Spot Rate $xxx.xx for the quarter) 0% Complete

https://wolfofbaystreetto.blogspot.com/2022/06/jun-8th-daily-update.html

BSW

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Comment by dllscwbysfn on Jun 08, 2022 9:50am

So when BTE reports quartly earnings are thay using front month or spot??

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Comment by Maxmoe on Jun 08, 2022 10:50am

Huh? Maybe you don't understand financial reporting at all? Or are you being funny? They report actual sales. Actual revenue. Actual cash in the bank. Actual cheques they wrote to cover costs. Etc. Actual. Not front,spot,back,future,strip,

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Comment by dllscwbysfn on Jun 08, 2022 10:57am

Thank you for answering my question!!

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Comment by dllscwbysfn on Jun 08, 2022 11:03am

So when we all do our best estimates as to what there earnings are before they announce those earnings which price of oil do you use???

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Comment by BayStreetWolfTO on Jun 08, 2022 11:07am

I use spot mainly for number crunching...settlements I use as a guide.

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Comment by BayStreetWolfTO on Jun 08, 2022 11:10am

The closing Q2 settlement price was $105.39...the spot right now for Q2 $107.24....however really not much difference on a quarter to quarter basis. $1.85 dif on 1/4 of the FY...depends on volatility of course month to month.

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Comment by Maxmoe on Jun 08, 2022 11:27am

To each their own. I focus more on the direction than the absolute level. Ie Q2 will be better than Q1 and better than Q2 last year as comparables and then I expect This trend to continue in Q3,Q4. But you do you, whatever you decide that will be. The company itself is pretty good at estimating their results and typically, purposely, provide forecasts they believe they can easily beat. Have ...more

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Comment by BayStreetWolfTO on Jun 08, 2022 10:57am

Sorry dll I missed this question. While max was a bit harsh I wil say Baytex revenue is based on actual sales information. We use the spot, strip, front rate to guide "expectation" For instance the Q1 spot was $95.25 so far the Q2 spot is $107.24....so this gives you guidance as to how (based on production) AFF will trend. i.e. spot is +12.5% above Q1 spot Sometimes futures ...more

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Baytex Energy Corp