Baytex Energy Corp T.BTE

Fcf at 75 wti

[JohnnyDoe]

I remember when the ranger deal happened. They were publicizing 1B fcf at 75 wti. Now it seems that fcf number is more like 700? Am i missing something?

[1234bmth]

This and the reserve report are the main reasons that BTE got hammered more than all other oil stocks recently.

[dllscwbysfn]

I think there E and D went up by somewhere between 200 million and 400 million. 4th quarter earnings and future outlook better be pretty good or I will start looking elsewhere.

[JohnnyDoe]

I must be asleep at the wheel. I re-read the 2024 production guidance and it says 530 fcf at strip which was around 70 at the time. Not happy with myself. I would have sold immediately seeing that. I'll wait now til the next release 

[dllscwbysfn]

I will be looking for buybacks, debt reduction and production growth. If the numbers are not heading in the right direction well first decent opportunity I will be gone.  Todays a fine example with WTI way up and this stock is not getting much love.I do have some of that FOMO though, lol

[dandu1924]

BTE is up 2.4%, CPG 1.2%, ATH .07%, SU 1.1%, so BTE is not so bad at all.

[dandu1924]

UPDATE:  BTE  closed + 2.9% up, CPG +1.4%, ATH +0.09%, SU +1.1%.  BTE is going back on the radar.

[riski]

Greager talked about adding cushion to the budget for inflationary capex costs.  I don't think the plan has changed, but the high capex inflation rate is chipping away at the FCF of all E&Ps more than typical years. BTE wants to stay ahead of the game - underpromise and overdeliver. Probably a better strategy and the potential for a positive surprise at earnings rather than a big

[riski]

That being said, $80 WTI still delivers close to $1B FCF in a conservative budget with lots of torque on higher pricing. Pretty damn good metrics.