BTEGF News and Press, Baytex Energy Corp From 09/01/21

As oil prices average well above $60/bbl (despite the pullback), energy companies are going to face growing pressure to increase capital allocation to shareholders. By the time of Q3 earnings announcement, we fully expect more companies to announce more shareholder-friendly capital al...

Two more wells found oil and are drilling for deeper targets. The breakeven of the projects is among the best in the industry. Production growth for several years is assured from the discoveries already made. The unconventional business has become very competitive with the off...

For all practical uses, the industry is not going to have free cash flow after fiscal year 2020 despite calculations to the contrary. Free cash flow is not a measure of company health. Repayment of debt will tie up any free cash for the foreseeable future. Management is loweri...

The natural gas production strategy may be too extreme. The variable dividend of 50% of distributable cash flow is probably too high. The company may miss some good acquisitions or shareholders will suffer more dilution because the cash is paid out. The information provided by...

Goldman Sachs recently removed Suncor from its conviction buy list. Still recommended as a buy but lower price target and lower conviction. Suncor has underperformed as it has struggled with predictable operational issues. While Suncor shares may perform in line going forward ...

The company's performance during downturns has improved due to the larger contribution of light oil to total production. Heavy Oil profits will produce outsized gains due to strong commodity prices. Heavy oil paybacks need to be fast to profit from the opportunity window of strong...

Baytex Energy Corp. (BTEGF) Q2 2021 Earnings Conference Call July 29, 2021, 11:00 AM ET Company Participants Brian Ector - Vice President, Capital Markets Ed LaFehr - President and Chief Executive Officer Rod Gray - Executive Vice President and Chief Financial Officer Chad Lundberg - Chief Op...

The following slide deck was published by Baytex Energy Corp. in conjunction with their 2021 Q2 earnings call. For further details see: Baytex Energy Corp. 2021 Q2 - Results - Earnings Call Presentation

Baytex Energy (BTEGF): Q2 GAAP EPS of C$1.85.Revenue of C$442.35M (+189.7% Y/Y).As a result of strong operating performance through the first half of 2021, the company is increasing production guidance to 79,000 to 80,000 boe/d, up from 77,000 to 79,000 boe/d, previously. The company now...

Modern valuation theory values equity of highly leveraged companies as a "real option" on the assets of the company with a strike price equal to the debt. Baytex "debt" which includes all third party obligations on March 31, 2021, is about CAD$2.8 billion with a duration of about 3 ye...