Baytex Energy Corp T.BTE

No rush to sell

[WaterDPlants]

Buybacks will be increasing at low SP. For every $5 above $75 WTI, cashflow increases by $200M/year. $(90-75) / $5 x 200M / 12 months is $50M extra in cash flow every month – $25M to buybacks. Not bad for the NCIB using $500M/12month = $40M per month already (25/40 = 62% increase in available cash). Overtime, SP should increase as shares are purchased and cancelled.

[dllscwbysfn]

Yes, and in this scenario BTE debt would fall by an extra $50M/ month as well. Not too shabby!

[OLIVIER1951]

C,  EST  BIEN, VA  T-IL  EN  RESTER  UN  PEU POUR  NOUS  DONNERZ  UN  PU  DE  DIVIDENDES

[ManitobaCanuck]

Intererest saved on debt and dividends saved by buybacks will add another 25mill yearly .

[red2000]

Hi Water D ! I don't want to blow your balloon ! But there a different between Ajusted Fund Flow and Free Cashflow (Roughly 40% of AFF) !! See below sensitivities from the Sept 2023 Baytex presentation, I think your refer to this number... But at the end, many others things may happen to increase more quickly this FCF, I am waiting for more about it with the 3rd quarter results. GL for