Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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Baytex Energy Corp > Debt repayment scenario from BMO

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Post by red2000 on Mar 13, 2023 1:37pm

Debt repayment scenario from BMO

Wow it's pretty fast, with Ranger Oil, over 400M$ per quarter already starting in Q3 2023, base on BMO deck.

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Comment by KingandBay on Mar 13, 2023 6:22pm

Red, Does BMO Capital Markets note the Oil price to achieve $ 400 M per quarter debt reduction? This forecast has them at their debt target in 2024.

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Comment by GambinoB on Mar 13, 2023 6:31pm

Strip pal Lmfao come on you cancucks read

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Comment by red2000 on Mar 14, 2023 8:40am

Hi Kingandbay ! No idea, probably the 100$ mark ! If you compare BMO Deck vs Strip price... BMO Deck 4Q23 : LT debt 1,655 B$. Strip price 4Q23 : LT debt 2,028 B$. At BMO Deck price it's a LT Debt free just after 3Q 2024 !!! So much potential here without considering the saving with the merge with Ranger and the increase of new wells.

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Comment by KingandBay on Mar 14, 2023 10:43am

Yes once debt target of $ 1.5 B is reached, the intension is to increase direct shareholder returns to 75% of FCF. BMO Forecast debt target would be reached 1 st Qtr 2024 Strip Forecast target would be reached 2nd Qtr 2024

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Baytex Energy Corp