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BTEGF - Time To Make Room For Baytex Energy
January, 08 2021 01:13 PM
Baytex Energy Corp
Capital budget is fully funded at WTI $35. Decent free cash flow at WTI $40. This announcement means that activity recovery will begin at lower levels and the peak price of the cycle will likely be lower. Technology improvements continue to drop well below breakeven points. It's very likely that strip wells and small operators of older production bear the brunt of pricing wars in the future. For further details see:
Time To Make Room For Baytex Energy
Stock Information
Company Name:
Baytex Energy Corp
Stock Symbol:
BTEGF
Market:
OTC
Website:
baytexenergy.com
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