BTEGF News and Press, Baytex Energy Corp From 12/08/21

As posted this morning, Cenovus (NYSE:CVE) released 2022e guidance and a 5-year outlook; post the call and presentation release, it's clear that investor returns will be increasing while the capital budgets will be decreasing medium term At near spot oil prices ($75 WTI), Cenovus plans to gen...

"People have asked me at $100 oil, at $150 oil, are you going to grow more than 5%? The answer is no, we're just gonna return more cash back to the investor" Pioneer CEO Scott Sheffield touched on a broad range of topics this morning on CNBC's Squawk Exclusive; most among them, the Company's ...

Technicals are starting to bottom for energy stocks. This is the first time we've added to our energy holdings since our cautious stance at the end of October. We took additional long exposure in BTEGF, CVE, and SU today. WTI needs to still break above $72 for the "bull trend"...

With $7.2b planned for 2022 capex ($6.5b excluding the Shell Permian acquisition), COP is penciling in a firm 36% increase in capex for the year (22% adjusting for the Permian purchase) However, with capex up 20%+, the Company only expects organic production growth in the low-single digits, r...

Baytex (OTCPK:BTEGF) released its 2022 capital budget and production forecast after the close yesterday, indicating the Company plans to spend $425m on capital investments in 2022 Baytex guided to 2021 capital spend of $250m at this time last year, and has since walked up spending plans to ~$...

Oil and energy stocks pullback/consolidation is coming to an end. We see prices moving higher into year-end, with Brent potentially breaking out above the 13-year downtrend. Get ready to allocate into names you want to own over the next week or so. For further details see: ...

Baytex Energy Corp. (BTEGF) Q3 2021 Earnings Conference Call November 05, 2021 11:00 AM ET Company Participants Brian Ector - Vice President-Capital Markets Ed LaFehr - President & Chief Executive Officer Rod Gray - Executive Vice President and Chief Financial Officer Chad Lundberg - Chie...

Baytex Energy (OTCPK:BTEGF): Q3 AFFO of C$0.35 Revenue of C$488.74M (+93.5% Y/Y) Press Release For further details see: Baytex Energy reports Q3 results

At the current pace of inventory draw, we are headed for triple digit oil prices. China has been strategically draining crude inventory and shunning crude on the open market. But this won't persist and it presents a ~2 mb/d of tailwind. If global oil demand continues to recover, g...

The new heavy oil project appears to be very profitable. More importantly, the new find can be developed immediately to impact cash flow positively. The goal to lower debt probably accelerates due to this new project. Heavy oil projects are rarely this profitable. The proj...