Baytex Energy Corp T.BTE

CT, what most BTE holders may not be aware of

[BayStreetWolfTO]

An average of $95 WTI this year

is LESS FCF 

than WTI $80 in 2023


Many may not get it. So if you think $95 is great...$80 next year is better...so I am ok if the divy money goes a bit further. Either way....waiting for 2023

[MLEWICKIMBA]

Yes because of debt being a lot less and hedging right.

[jleer42]

20% sold calls at $96 next year are a lot better than 40% sold calls at $68 this year. Massively better.

[BayStreetWolfTO]

Yes, glad I'm not the only one watching. Cheers JL

[CalgaryTowers]

Absolutely, and thank you for that, can never seem to hear those wonderful words enough. I’m hanging in, even if WTI pulls back to 60, because these companies are still very profitable at that range. Sure may take a little longer to hit goals, but they still will be reached at that level. And once they are, hang on tight and enjoy the ride… It could be a lifetime holder

[BayStreetWolfTO]

I know people don't look at buybacks the same...but I feel here I am getting paid to hold. While sure I continue to buy with diviend money as it comes up...with the company buying back shares I am getting an equity increase holding (no different than a dividend really. I wouldn't need the cash anyhow) The last 3 months buybacks annualized is a 10.8% return. I am very happy with that. RBC