Baytex Energy Corp - Strong Reserves Growth in the Eagle Ford and Revised 2016 Budget - Die letzten 30 Beiträge
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ISIN: CA07317Q1054 · WKN: A1H5TA · Symbol: BTE
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Letzter Kurs 24.04.24 Toronto
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Beitrag zu dieser Diskussion schreiben
Baytex Investor Presentation February 2024
https://www.baytexenergy.com/content/uploads/2024/02/24-02-F…
https://www.baytexenergy.com/content/uploads/2024/02/24-02-F…
Canada asks oil firms to cut emissions by up to 38% in six years
OTTAWA, Dec 7 (Reuters) - Canada unveiled a plan on Thursday aimed at pushing oil and gas companies to cut emissions up to 38% from 2019 levels by 2030, by introducing a cap-and-trade system that drew immediate opposition from industry groups and some fossil fuel-producing provinces....
https://www.reuters.com/sustainability/climate-energy/canada…
RBC Target 8,5 CAD
Quelle
13.10.
Burnsco
@garquake
https://twitter.com/garquake/status/1712770862993092961
Quelle
13.10.
Burnsco
@garquake
https://twitter.com/garquake/status/1712770862993092961
Antwort auf Beitrag Nr.: 74.634.899 von Oginvest am 14.10.23 12:57:49Einige Folien aus der Baytex Investor Presentation October 2023:
Baytex Investor Presentation October 2023 - CREATING ENERGY | CREATING VALUE
https://www.baytexenergy.com/content/uploads/2023/10/23-10-3…
https://www.baytexenergy.com/content/uploads/2023/10/23-10-3…
Antwort auf Beitrag Nr.: 74.597.489 von zoj-82 am 06.10.23 15:30:24Baytex Confirms Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company")
announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on October
2, 2023 for shareholders of record on September 15, 2023.
https://www.baytexenergy.com/content/uploads/newsFile/169049…
Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company")
announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on October
2, 2023 for shareholders of record on September 15, 2023.
https://www.baytexenergy.com/content/uploads/newsFile/169049…
Dividenden
Erste Zahlung ist eingetroffen, das freut mich natürlich... Was ich nicht verstehe ist es für ein Quartal oder wie wird es ausbezahlt?
RBC Capital Sticks to Its Buy Rating for Baytex Energy (BTE)
"
TipRanks
Sep. 25, 2023, 04:26 AM
RBC Capital analyst Gregory Pardy reiterated a Buy rating on Baytex Energy (BTE – Research Report) today and set a price target of C$8.00. The company’s shares closed last Friday at $4.03.
Pardy covers the Energy sector, focusing on stocks such as Canadian Natural, Baytex Energy, and Vermilion Energy. According to TipRanks, Pardy has an average return of 24.7% and a 67.32% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Baytex Energy with a $5.03 average price target.
https://markets.businessinsider.com/news/stocks/rbc-capital-…
*****
September Präsentation
https://www.baytexenergy.com/content/uploads/2023/09/23-09-S…
"
TipRanks
Sep. 25, 2023, 04:26 AM
RBC Capital analyst Gregory Pardy reiterated a Buy rating on Baytex Energy (BTE – Research Report) today and set a price target of C$8.00. The company’s shares closed last Friday at $4.03.
Pardy covers the Energy sector, focusing on stocks such as Canadian Natural, Baytex Energy, and Vermilion Energy. According to TipRanks, Pardy has an average return of 24.7% and a 67.32% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Baytex Energy with a $5.03 average price target.
https://markets.businessinsider.com/news/stocks/rbc-capital-…
*****
September Präsentation
https://www.baytexenergy.com/content/uploads/2023/09/23-09-S…
Antwort auf Beitrag Nr.: 74.302.065 von Oginvest am 11.08.23 12:45:19Die Cash Flow Werte sind ok ;-)
Aus der Präsentation S. 10
Aus der Präsentation S. 10
INVESTOR PRESENTATION AUGUST 2023 CREATING ENERGY | CREATING VALUE
https://www.baytexenergy.com/content/uploads/2023/07/23-08-A…
https://www.baytexenergy.com/content/uploads/2023/07/23-08-A…
BAYTEX TO PRESENT AT ENERCOM DENVER
CALGARY, ALBERTA (August 8, 2023) – Baytex Energy Corp. (TSX:BTE) (NYSE:BTE) is pleased to announce that Eric Greager, President and CEO, will be presenting at EnerCom Denver on Monday August 14, 2023 at 10:55 am MDT. Interested parties can listen to the webcast by registering at the following URL: https://www.enercomdenver.com/A replay will be available on the Baytex website, www.baytexenergy.com, for six months following the presentation.
https://www.baytexenergy.com/content/uploads/2023/08/2023-08…
Baytex Releases 2022 ESG and TCFD Reports
Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) today released its 2022 Environment, Social and Governance ("ESG") Report, which demonstrates our commitment to transparency and accountability, and shows our progress in managing the environmental and social impacts of our business. Baytex has also released its Task Force on Climate-related Financial Disclosures ("TCFD") Report. Both reports are available on the Baytex website at www.baytexenergy.com."We are pleased to share Baytex's 2022 ESG and TCFD Reports. Our commitments drive us forward as we work to achieve our vision of being a leader in responsible energy development. We have built into our culture a strong connection and sense of responsibility to our communities and stakeholders. We remain focused on key ESG initiatives, including GHG emissions, abandonment and reclamation, strong and mutually beneficial indigenous relations, safety, and climate risk management. These ESG initiatives are essential to driving our long-term sustainability alongside shareholder returns," commented Eric T. Greager, President and Chief Executive Officer.
...
https://www.baytexenergy.com/content/uploads/newsFile/169047…
Baytex Confirms Quarterly Dividend
Calgary, Alberta--(Newsfile Corp. - July 27, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex" or the "company") announces that its Board of Directors has declared a quarterly cash dividend of CDN$0.0225 per share to be paid on October 2, 2023 for shareholders of record on September 15, 2023.The U.S. dollar equivalent amount is approximately US$0.0170 per share assuming a foreign exchange rate of 1.32 CAD/US.
Payments to shareholders who are not residents of Canada will be net of any Canadian withholding taxes that may be applicable. This dividend is designated an "eligible dividend" for Canadian tax purposes and is considered a "qualified dividend" for U.S. income tax purposes.
https://www.baytexenergy.com/content/uploads/newsFile/169049…
BAYTEX ANNOUNCES SECOND QUARTER 2023 RESULTS
CALGARY, ALBERTA (July 27, 2023) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2023 (all amounts are in Canadian dollars unless otherwise noted).“We continue to execute on our base business, and following the Ranger transaction, have emerged as a well-capitalized and diversified North American exploration and production company. We have a strong portfolio of high-quality oil weighted assets in Western Canada and the Eagle Ford shale in Texas and we are poised to deliver a powerful combination of free cash flow and increased shareholder returns on a per-share basis. We have initiated our share buyback program (repurchased 4.7 million shares to-date in July) and declared a quarterly dividend of $0.0225 per share ($0.09 per share annualized). We are committed to operational excellence and delivering long-term value and enhanced shareholder returns," commented Eric T. Greager, President and Chief Executive Officer.
Highlights
• Completed the acquisition of Ranger Oil Corporation ("Ranger") on June 20, 2023.
• Generated production of 89,761 boe/d (86% oil and NGLs) in Q2/2023.
• Reported cash flows from operating activities of $192 million ($0.33 per basic share) in Q2/2023.
• Delivered adjusted funds flow(1) of $274 million ($0.47 per basic share) in Q2/2023.
• Generated free cash flow(2) of $96 million ($0.17 per basic share) in Q2/2023.
• Exploration and development expenditures totaled $171 million in Q2/2023, consistent with our full-year plan.
• Completed six-well Duvernay program with wells onstream in Q3/2023.
• New heavy oil exploration success in Waseca near Cold Lake, Alberta.
On June 20, 2023, we closed the acquisition of Ranger, adding quality scale in the Eagle Ford and reinforcing a resilient and sustainable business. The total consideration paid by Baytex, including assumption of net debt(1), was US$2.4 billion (C$3.2 billion). Under the terms of the agreement, Ranger shareholders received 7.49 Baytex shares plus US$13.31 cash for each share of Ranger common stock. Our second quarter results include 11 days of operations from Ranger.
In conjunction with closing of the acquisition, we increased our direct shareholder returns to 50% of free cash flow(2) which will allow us to increase the value of our share buyback program and introduce a dividend. The remainder of our free cash flow continues to be allocated to debt reduction.
On June 23, 2023, we renewed our Normal Course Issuer Bid with the Toronto Stock Exchange for a share buyback program for p to 10% of our public float. Through July 26, 2023, we have repurchased 4.7 million common shares at an average price of $4.59 per share.
The Board of Directors has declared a quarterly cash dividend of $0.0225 per share to be paid on October 2, 2023 for shareholders of record on September 15, 2023(3)
2023 Outlook
Following the Ranger transaction, Baytex has emerged as a well-capitalized, diversified oil-weighted North American E&P company with a strong free cash flow profile. Based on the forward strip(1), we expect to generate over $400 million of free cash flow(2) in the second half of 2023, and approximately $500 million of free cash flow for the full-year 2023.
For 2023, we continue to forecast exploration and development expenditures of $1,005 to $1,045 million, which are expected to generate an average production rate of 120,500 to 122,500 boe/d. For the second half of 2023, we expect production to average 153,000 to 157,000 boe/d. Our production mix for the second half of 2023 is forecast to be 84% oil and NGLs (50% light oil, 22% heavy oil and 12% NGLs) and 16% natural gas.
The following table summarizes our 2023 guidance for production and exploration and development expenditures.
...
>> https://www.baytexenergy.com/content/uploads/2023/07/2023-07…
Zahlen 2 Quartal
Baytex Conference Call and Webcast on Second Quarter 2023 Results to Be Held on July 28, 2023
https://www.baytexenergy.com/investors/news-releases/
Präsentation 23.7.
https://www.baytexenergy.com/content/uploads/2023/06/23-07-J…
Ausbruch?
Baytex Conference Call and Webcast on Second Quarter 2023 Results to Be Held on July 28, 2023
https://www.baytexenergy.com/investors/news-releases/
Präsentation 23.7.
https://www.baytexenergy.com/content/uploads/2023/06/23-07-J…
Ausbruch?
The combination of Baytex Energy and Ranger Oil is better than either company standalone: Baytex CEO
https://www.bnnbloomberg.ca/video/the-combination-of-baytex-…
https://www.bnnbloomberg.ca/video/the-combination-of-baytex-…
Baytex Provides Update on the Impact of the Alberta Wildfires
Calgary, Alberta--(Newsfile Corp. - May 8, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("Baytex") is providing an update on the impact of the wildfires in Alberta to its operations.As a result of the shut-in of third-party infrastructure in west-central and northwest Alberta, approximately 10,000 boe/d (70% crude oil) of sales volumes has been curtailed since the evening of May 5, 2023. Currently, approximately 60% of the curtailed volumes remain on-line and are producing into inventory. We continue to monitor the situation and will provide an update when appropriate.
Baytex is incredibly proud of how our personnel have responded with sound, safety-focused decision making. We would like to thank the emergency responders and firefighters who are protecting our communities.
https://www.baytexenergy.com/content/uploads/newsFile/168356…
Vermute es ging nicht "günstiger"...
Wenn man den Kurs betrachtet, scheint "der Markt" (zumindest) zufrieden mit den Vorgängen und den jetzt möglichen Aussichten.
Gemäß diesem Bericht vom 28. April 2023, scheint die auch nun entstandene "Schuldenlast" überschaubar...
Baytex Energy: Too Cheap To Ignore Following Ranger Oil Deal
...
Another strength of the new Baytex is its increased financial flexibility.
The combined company will have a market cap of ~$5 billion, net debt of $1.98 billion, and a total debt to EBITDA ratio of ~1.0x. It has a total credit facility capacity of $1 billion.
However, the company also expects to pursue refinancing via senior notes to lower its cost of debt, and, it should easily achieve its debt target of $1.5 billion.
Additionally, $410 million of Baytex's debt does not mature until 2027, while $800 million of its unsecured notes (issued to fund the Ranger Oil takeover) matures in 2030.
This debt load seems quite manageable, since Baytex is a highly profitable company, which is expected to increase even further post-acquisition.
...
https://seekingalpha.com/article/4597957-baytex-energy-too-c…
Wenn man den Kurs betrachtet, scheint "der Markt" (zumindest) zufrieden mit den Vorgängen und den jetzt möglichen Aussichten.
Gemäß diesem Bericht vom 28. April 2023, scheint die auch nun entstandene "Schuldenlast" überschaubar...
Baytex Energy: Too Cheap To Ignore Following Ranger Oil Deal
...
Another strength of the new Baytex is its increased financial flexibility.
The combined company will have a market cap of ~$5 billion, net debt of $1.98 billion, and a total debt to EBITDA ratio of ~1.0x. It has a total credit facility capacity of $1 billion.
However, the company also expects to pursue refinancing via senior notes to lower its cost of debt, and, it should easily achieve its debt target of $1.5 billion.
Additionally, $410 million of Baytex's debt does not mature until 2027, while $800 million of its unsecured notes (issued to fund the Ranger Oil takeover) matures in 2030.
This debt load seems quite manageable, since Baytex is a highly profitable company, which is expected to increase even further post-acquisition.
...
https://seekingalpha.com/article/4597957-baytex-energy-too-c…
Antwort auf Beitrag Nr.: 73.773.012 von erwin-kostedde am 02.05.23 22:08:24
800 mio$ zu 8,75% bis 2030
Zitat von erwin-kostedde: Baytex Announces Closing of US$800 Million Private Offering of Senior Notes
https://finance.yahoo.com/news/baytex-announces-closing-us-8…
kommt mir ganz schön teuer vor.
800 mio$ zu 8,75% bis 2030
Baytex Announces Closing of US$800 Million Private Offering of Senior Notes
https://finance.yahoo.com/news/baytex-announces-closing-us-8…
kommt mir ganz schön teuer vor.
https://finance.yahoo.com/news/baytex-announces-closing-us-8…
kommt mir ganz schön teuer vor.
OPEC+ cuts, China demand will steer oil towards $90 by year-end
Oil prices will pick up pace towards $90 a barrel over the course of this year as production cuts by OPEC+ and rebounding China demand shield against a deteriorating economic backdrop in the West, a Reuters poll showed on Friday.A survey of 40 economists and analysts forecast Brent crude would average $87.12 a barrel in 2023, up from the $86.49 consensus in March and current levels of around $78. The global benchmark has averaged around $82 per barrel so far this year.
...
https://financialpost.com/pmn/business-pmn/opec-cuts-china-d…
Bekommt Baytex einen neuen "Nachbar" 😉
Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer
Oil-and-gas giant has held informal, early-stage talks to buy the $49 billion-market cap Pioneer Natural Resources
https://www.wsj.com/articles/exxon-mobil-eyes-potential-mega…
Pioneer Natural Resources Co. operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects.... https://www.wsj.com/market-data/quotes/PXD
Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer
Oil-and-gas giant has held informal, early-stage talks to buy the $49 billion-market cap Pioneer Natural Resources
https://www.wsj.com/articles/exxon-mobil-eyes-potential-mega…
Pioneer Natural Resources Co. operates as an independent oil and gas exploration and production company. The firm engages in hydrocarbon exploration in the Cline Shale. It focuses on the operation of the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle projects.... https://www.wsj.com/market-data/quotes/PXD
Baytex is the energy stock with the most insider buying over the past month: Ted Dixon
https://www.bnnbloomberg.ca/video/baytex-is-the-energy-stock…
https://www.bnnbloomberg.ca/video/baytex-is-the-energy-stock…
Ein Blick in die letzte Ranger Oil Präsentation kann auch nützlich sein, um eine "Idee" des Unternehmens zu erhalten:
Capital One Energy Conference Dec 6, 2022
>> https://d1io3yog0oux5.cloudfront.net/_d8e7d315ac60ab3a75ecb7…
Capital One Energy Conference Dec 6, 2022
>> https://d1io3yog0oux5.cloudfront.net/_d8e7d315ac60ab3a75ecb7…
Antwort auf Beitrag Nr.: 73.386.870 von Oginvest am 01.03.23 17:44:54Neue Präsentation Baytex Energy + Ranger Oil
https://www.baytexenergy.com/content/uploads/2023/02/2023-02…
https://www.baytexenergy.com/content/uploads/2023/02/2023-02…
Antwort auf Beitrag Nr.: 73.386.822 von Oginvest am 01.03.23 17:41:17Ranger Oil Enters into Definitive Merger Agreement with Baytex Energy
...
Darrin Henke, President and Chief Executive Officer of Ranger, commented, "I couldn't be more proud of the Ranger team and the company we've built together. We expect that combining with the balance sheet strength, deep asset base, and operational excellence of Baytex will create a unique company of scale which will deliver sustained free cash flow growth and differentiated shareholder returns. We look forward to bringing together our complementary teams and assets to realize the long-term value of this combination for our shareholders."
Edward Geiser, Chairman of Ranger's Board and Managing Partner of Juniper Capital, added, "This transaction represents a leap forward in shareholder value creation potential and accelerates both companies' shareholder return strategies. We expect this combination will create a company that is exceptionally positioned for sustained shareholder returns."
https://www.rangeroil.com/news-media/press-releases/detail/3…
...
Darrin Henke, President and Chief Executive Officer of Ranger, commented, "I couldn't be more proud of the Ranger team and the company we've built together. We expect that combining with the balance sheet strength, deep asset base, and operational excellence of Baytex will create a unique company of scale which will deliver sustained free cash flow growth and differentiated shareholder returns. We look forward to bringing together our complementary teams and assets to realize the long-term value of this combination for our shareholders."
Edward Geiser, Chairman of Ranger's Board and Managing Partner of Juniper Capital, added, "This transaction represents a leap forward in shareholder value creation potential and accelerates both companies' shareholder return strategies. We expect this combination will create a company that is exceptionally positioned for sustained shareholder returns."
https://www.rangeroil.com/news-media/press-releases/detail/3…
Antwort auf Beitrag Nr.: 73.378.437 von zoj-82 am 28.02.23 17:24:52Der BTE-Kurs steigt, demnach wurden die Bedingungen der Transaktion vom Markt als positiv eingestuft.
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