BTEGF News and Press, Baytex Energy Corp From 02/24/22

Baytex (OTCPK:BTEGF) reported Q4 results after the close, posting a solid earnings beat, guiding production flat, and announcing plans to commence a buyback in 2022: Earnings - Q4 net income, adjusted for impairment reversals, came in at ~26c versus street expectations for 10c; the Company ge...

Almost three years after the Federal government of Canada announced its intention to acquire the Trans Mountain pipeline,  Ottawa is pulling the plug on funding. An expansion project slated to bring an additional ~600kb/d of Canadian oil to market was long delayed by protest and appeal w...

Suncor (NYSE:SU) reported Q4 results after the close, posting the Company's best "funds from operation" per share result ever. With shares trading ~25% below all time highs, this result should be enough to keep prices moving higher:  Adjusted operating earnings of 89c compared favor...

Baytex is projected to generate US$484 million in positive cash flow in 2022 at current strip. It should announce its shareholder return plan in Q2 2022. Leverage should end up below 1.0x EBITDAX by end of 2022, even if it puts some of its free cash flow towards dividends and/or s...

Long-term debt is now in the C$1.5 billion area. Cash flow has more than doubled over the past year. Northwest Clearwater development should allow cash flow to grow even if production does not grow. Payback periods of all projects are fantastic in the current environment. ...

Investors may finally reap the benefits of a purchase made from Apache years ago. This company grows by selling divisions to reduce debt as well as from cash flow. Asset plays can be risky during cyclical downturns when the market for asset sales "dries up". The company also h...

Canadian energy stocks rally as Toronto markets re-open after a four-day Christmas break, catching up with U.S. names that rose earlier this week along with higher oil prices. Among today's top gainers: MEG Energy (OTCPK:MEGEF +5.2%), Birchcliff Energy (OTCPK:BIREF +5.4%), Baytex Energy (OTCP...

Headwater is developing a premium resource in the Marten Hills area of the Western Canada Sedimentary Basin. It is on track to throw off over $200 mm in operating cash flow in 2022 and is trading at only 4X OCF. We think investors with a moderate risk tolerance should be intereste...

With the Fed starting to pull the kool-aid away from tech investors (i.e. taper), the overvalued tech names will be hit even harder. Omicron variant is unlikely to materially impact growth and possibly cause more supply chain restrictions, inflation will remain elevated. As the mo...

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...