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 > So so on earnings imo

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Post by Snowballer on Nov 02, 2023 5:28pm

So so on earnings imo

-Operating expenses on the high side
-EOY debt expected to be $2.5B
-World's tiniest dividend

A positive is the buybacks and those yet to happen.

Hope it pops up will likely sell in $7's if we are lucky or who knows $8's?

Secured another position in the high $5's to penny flip while holding long in TFSA still

GL folks

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Comment by riddler on Nov 02, 2023 5:31pm

No, they state in the releae that debt at end sEptember is 2.7B. Overall debt was 2.85B

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Comment by KingandBay on Nov 02, 2023 5:34pm

About 5 quarters to reach debt target of 1.5 B

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Comment by masfortuna on Nov 02, 2023 5:43pm

Yup. Roughly 1 year. since q4 will be over soon. Also they hedged 40% so playing it safe. No gain on that 40% if oil tops $100. Here is the breakdown: For Q4/2023, we have entered into hedges on approximately 40% of our net crude oil exposure utilizing a combination of two-way collars with a floor price of US$60/bbl and a ceiling price of US$100/bbl and a 5,000 bbl/d ...more

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