Post by
BayStreetWolfTO on Nov 04, 2022 5:55pm
Recap for the week
Baytex made millions in FCF on the recently drilled inventory this week
Oil $92+ for the weekend
How did WTI and BTE do this week
WTI
Monday open $88.39
Friday close $92.60
Weekly change 4.76%
BTE
Monday open $7.03
Friday close $7.55
Weekly change 7.40%
Like always flippers jump in before earnings and sell after...always happens...today was washing out the specs.
Now back to massive cash flow...
Q4 much lower Capex and in less than 60 days old hedges dissappear.
Did anyone notice no additional 2023 hedges
Next stop Feb Q4 report...looking forward to 2023!
Nice that the buyback blackout period is over!
Comment by
Drifter133 on Nov 04, 2022 6:42pm
Yes Bay, I did notice that there were no additional hedges added for 2023. Well I believe a little WCS but that's a no big deal. Also nice to hear why there were no additional share buybacks in Oct.! I'd love to see WTI stay between 90 and 100 bucks would be great but unfortunaly I think that the nitwits running our countries won't let it stay that low!