Baytex Energy Corp T.BTE

BAYSTREET WOLF

[masfortuna]

(or anybody else) Someone mentioned that BTE had initiated more hedges lately.  I have been looking to see if I can find that info but I see nothing.  Was that juts a rumour OR can you confirm? How much and at what level?  Thx.
Mas

[BayStreetWolfTO]

Mas, yes they have started to look at 2023. Hedges page on their website below For 2023 they are at 18% (I imagine they will target protection of 30% before end of year) A 3 way 9,500 bbl hedge at $62/$78/$96 WTI 3-way options consist of a sold put, a bought put and a sold call. In a $62/$78/$96 example, Baytex receives WTI+$10/bbl when WTI is at or below $62/bbl; Baytex receives $78/bbl when