Baytex Energy Corp T.BTE

Q3 ...... WTI average price $76.24

[HeavyBanana]

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RWTC&f=M

[HeavyBanana]

On this basis, WTI will need to average $64 for Q4 in order for H2 to average $70 as per the base case Brian Ector provided earlier in September regarding buyback allocations. No way WTI averages $64 for Q4 and with the MiddleEast on fire ........ Q4 is going to be an absolute monster quarter by my guesstimation.

[red2000]

Crude Oil Futures and estimated Contract prices (dollars per barrel) Ref. : Oilprice .com $BTE.TO $BTE seems to have a chance to close Q3 over 80$. With geopolitic in place. 75$ seems to be achievable for Oct.

[HeavyBanana]

Red, I like your numbers better, lol. Either way, great results are coming.

[dllscwbysfn]

Where are these numbers coming from. Can someone explain. If I look at a WTI chart it shows September starts off at $73 drops most of the month and ends at $68 and yet this chart says Sept. WTI average $77. Anybody???

[jleer42]

Not my chart, so I have no idea if the numbers are actually correct. Most oil is sold on a futures contract, not the spot price. A rough rule of thumb is the 30 days, so the oil price realized in Sep is the average contract price of Aug. This is why share buy backs for most O&G will be better in Q2 than expected, Sep will be Sep SP but Aug WTI. Q4 will have an opposite start, Oct will most