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 > Sell Sell Sell Buy Buy Buy

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Post by MLEWICKIMBA on Jun 17, 2024 7:47am

Sell Sell Sell Buy Buy Buy

I don't see downside in oil the next 90 days

I see the only risk right now on BTE is that Q2 is also heavy on capex and not that much free cash flow is generated -- 100m cad let's say. Also debt only moves down marginally if at all.

My thinking is as May is a big month for CAD Capex the major portion of projected 700m in fcf will be generated in Q3 and Q4.

That's the risk I see.

The stock is still undervalued and should be 5.50.

ML

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