Baytex Energy Corp T.BTE

What I find funny

[HighOctane89]

I am a little surprised that in 5 weeks Baytex will close out the last of those old hedges yet nobody is talking about it . Even with the doom scenerio one guy keeps posting here , BTE FCF will remain robust and with the expected winter related spikes in WTI/NG , BTE is poised to reap the rewards . 

This new Russian oil cap is a joke , China and India will finance Russia's war effort while the west pours billions $$$ into the Ukraine . Starting to look like another Vietnam or Afganistan , a long drawn out war . Sooner or later China will end this Covid zero policy but even as it stands today , Russia can't pump enough oil to supply both China and India . Russian infrastructure has been poorly maintained and amping up production will probably cause a blowout and or fire as pressure increases . 

We'll see who's right but with no new supply I only see prices ramaining firm or rising .

[GambinoB]

That's a boring discussion Work with us smallcap is trying to get pepple to stop buying. This HAS to work!  I am willing to sacrifice one of my dinner hot dogs (no condiments)

[ResearchSeeker]

HighOctane89, True, in terms of reporting it's five weeks until the first Q 2023. In term of oil barrels sold, the hedges based on WTI Crude came off last Sunday, and any brent based hedges that may remain are done this Sunday. The front month is already Jan 2023 beginning 11/21/22. 18 % of our BOE for 2023 is done at much higher prices than last year. Details: Page 13 here https:/

[Drifter133]

2023 Hedges so far 3-way option (2) Jan 2023 to Dec 2023 2,000 bbl/d US$55.00/US$66.00/US$84.00 WTI 3-way option (2) Jan 2023 to Dec 2023 2,500 bbl/d US$60.00/US$75.00/US$91.54 WTI 3-way option (2) Jan 2023 to Dec 2023 2,500 bbl/d US$65.00/US$85.00/US$100.00 WTI 3-way option (2) Jan 2023 to Dec 2023 2,500 bbl/d US$65.00/US$85.00/US$106.50

[red2000]

Good morning Drifter133, ResearchSeeker and HighOctane89 ! Here is the page 13  of Nov presentation with bottom note : (1) 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+$16/bbl when WTI is at or below $62/bbl; THEY PROTECT THE DOWN PRICE WTI AVG. PRICE Baytex receives $78/bbl when WTI is between $62/bbl and $78/bbl