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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TSX:BTE - Post Discussion

Baytex Energy Corp > Nat bank target : 8,50$ CDN

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Post by red2000 on Jul 29, 2023 1:00pm

Nat bank target : 8,50$ CDN

I think more and more update will come from O&G analysts.
Nat bank still use a WTI price at only 77,50$ and AECO at 2,95$ for the rest of 2023....very conservative numbers for my point of view. (See below).

They estimate an avg. boe/d for 2023 at 122,000, base on what Baytex already call ...155,000 boe/d per Q3 and Q4 to reach this yearly avg.
So Cashflow (AFF) for Q3 and Q4 may reach 550M$ per quarter.
FCF on a conservative bases of 35% of AFF === 385M$.

At the end, Nat bank is more and more convince for 8,50$.
Imagine with a slightly sustainable energy price... GL Longs !