Baytex Energy Corp T.BTE

RBC waking UP !!!

[red2000]

New target price 9$ with a possible upside at 15$ !

[masfortuna]

Hey Red!  Thx for the posts.  I think , however, we nee to take a more reasonable outlook. BTE still has over 1 billion in debt and 560 million o/s.  As long as oil continues at these levels (aboe $65) the fcf will eventually wipeout the debt and shares will be bought back. So 1 year from today I think we may be that 400 million debt target with about 525 million o/s. For BTE to

[red2000]

Hey Mas ! Correction for source : O/S : 547 M end of Sept. 2022 ! Always working on any numbers to see better bright view ! :)

[JohnnyDoe]

Mas, I had 547m shares out. If I look at getting to 400, I see almost 500m going to buybacks so the float number will be around 500. If oil is at 100 heading into 2024, that leaves the company with a very significant cash flow per share that's available for distribution. Definitely north of 1.50 per share. The question is what will a dividend yield? There are very juicy dividends available in

[masfortuna]

I am not sure we will to to 400 million anytime soon. I would guess 2026-2027'ish??? I do think we will be at 800 million sometime in early 2023 and possibly close t 400 million early 2024. It's a waiting game as far as the sp goes.

[JohnnyDoe]

it is a waiting game and depends on oil prices. The November presentation has new slides that lay out contribution to debt at 70, 80, 90 and 100. There's obviously a big time difference on when we hit the 400

[Paray99]

Remember, US will try everything possible to clamp down the rising oil price. Let us see what is coming tomorrow.  US understood that they screwed up themselves big time. FED Powell is just trying to space the talks, news, and meetings so that markets will not take a whooping rise continuing for many days. Definitely they will lose control of the situation at some point and oil and gold