Baytex Energy Corp - Strong Reserves Growth in the Eagle Ford and Revised 2016 Budget - 500 Beiträge pro Seite

[reini81]

!

Dieser Beitrag wurde von MODelfin moderiert. Grund: auf eigenen Wunsch des Users

[reini81]

Antwort auf Beitrag Nr.: 51.915.978 von reini81 am 06.03.16 20:19:14

Home:
http://www.baytexenergy.com/

Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Approximately 77% of Baytex's production is weighted toward crude oil and natural gas liquids. Baytex's common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BTE.

Our crude oil and natural gas operations are organized into three core operating areas: Peace River, Lloydminster and the Eagle Ford. Approximately 77% of our production and 81% of our reserves are derived from crude oil and liquids. The Eagle Ford in Texas represents approximately half of our production.


Baytex Reports 2015 Results, Strong Reserves Growth in the Eagle Ford and Revised 2016 Budget

Highlights
• Generated production of 81,110 boe/d (81% oil and NGL) during Q4/2015 and 84,648 boe/d for the full-year 2015, in line with guidance;

• Delivered funds from operations ("FFO") of $93.1 million ($0.44 per share) in Q4/2015 and $516.4 million ($2.61 per share) for the full-year 2015;

• Produced 40,284 boe/d (78% oil and NGL) in the Eagle Ford during Q4/2015, an increase of 3% over Q3/2015 and 6% over Q4/2014;

• Realized over $150 million in efficiencies in 2015 as we remained focused on cost reduction initiatives across all of our operations, including drilling and completions, production and operating expenses, transportation expenses, and general and administrative expenses;

• Increased proved plus probable reserves (excluding thermal) by 2% to 347 mmboe. Year-end 2015 proved plus probable reserves are comprised of 81% oil and NGL and 19% natural gas;

• In the Eagle Ford, replaced 205% of production and increased proved plus probable reserves 8% to 203 mmboe. From the time of acquisition in June 2014, proved plus probable reserves in the Eagle Ford have increased by 22%;

• Recorded finding and development (“F&D”) costs for proved plus probable reserves, including changes in future development costs, of $7.68/boe for 2015 and generated a recycle ratio (operating netback divided by F&D costs) of 2.1x;

• Using the December 31, 2015 independent reserves evaluation, the present value of our reserves, discounted at 10% before tax, is estimated to be $4.3 billion; and

• Our estimated net asset value at year-end 2015, discounted at 10%, is estimated to be $11.05 per share. This is based on the estimated reserves value of $4.3 billion plus a value for undeveloped acreage, net of long-term debt, asset retirement obligations and working capital.

http://www.baytexenergy.com/files/pdf/news-releases/2016/201…

Gruß
reini81

[reini81]

Der Wert kennt scheinbar kein Halten mehr!

Gruß
reini81

[reini81]

Guter Kurssprung heute!

Webcast Events

Bank of America Merrill Lynch Energy Credit Conference
Wednesday, June 8, 2016


June Presentation

http://www.baytexenergy.com/files/pdf/corporate-handouts/Jun…

Corporate Profile - June 2016

http://www.baytexenergy.com/files/pdf/About%20Baytex/-Fact%2…

Gruß
reini81

[Jalup]

Bei Betrachtung des drei Jahres Charts, bildet sich zur Zeit ein Boden für 2016.
Denke der Ausbruch lässt nicht mehr lange auf sich warten.

Beste Grüße

[Ti-el]

Baytex Energy Artikel auf The Motley Fool Canada:

http://www.fool.ca/2016/09/13/baytex-energy-corp-and-crescen…

[branigan]

Ich bin hier seit einigen Monaten investiert und hoffe, dass das Hoch aus diesem Jahr bei Ölpreisen auf dem aktuellen Niveau oder höher überwunden wird.

Sollte Baytex den Bereich von ca. 8 CAD hinter sich lassen, sehe ich keinen charttechnischen Widerstand bis ca. 20 CAD

Das Hoch der Vorjahre wäre dann immer noch weit weg.

[Jalup]

Antwort auf Beitrag Nr.: 53.869.648 von branigan am 10.12.16 13:22:07

Ich habe außerhalb von WO einen Langfristchart gefunden.
Es könnte durchaus sein, das wir vor 20CAD zum stoppen kommen...

[branigan]

Antwort auf Beitrag Nr.: 53.877.325 von Jalup am 12.12.16 17:33:08

Mit mehr als 'ner Verdopplung war ich auch schon zufrieden

Hab noch Whiting, Tullow und Oasis Petroleum im Ölsektor. Werde ich alle vier die nächste Zeit halten. Rohstoffe und Öl sind wieder im Kommen.

[Jalup]

Antwort auf Beitrag Nr.: 53.878.699 von branigan am 12.12.16 21:42:44

Damit bist du doch ordentlich aufgestellt. Wenn man sich die Charts anschaut, ist da noch eine menge Potential.

Ich bin mehr im Bergbaubereich aktiv. Im Öl bin ich nur bei Baytex investiert.
Vale hatte ich auch mal.

Gruß

[michaauto1]

Antwort auf Beitrag Nr.: 53.878.929 von Jalup am 12.12.16 22:42:23

Moin,
ist noch jemand drin in dem Wert?
gruß Micha

[zoj-82]

Antwort auf Beitrag Nr.: 56.478.464 von michaauto1 am 18.12.17 13:05:42

Hi an alle.

Ich bin investiert, Fa. hat Schulden, aber mit Öl über 60 wird jetzt sehr interessant, falls Öl weiter steigt wird das Ding fliegen. Mal sehen.

[michaauto1]

Antwort auf Beitrag Nr.: 56.598.590 von zoj-82 am 03.01.18 12:53:26

Moin,
kann das sein, das die Firma Richtung Pleite rudert?
Irgendwie wird jeder kleiner Anstieg abverkauft.Noch jemand drin?

[zoj-82]

Antwort auf Beitrag Nr.: 57.060.243 von michaauto1 am 19.02.18 13:08:28

Einsteigen

Einsteigen, Zug wird bald abfahren.

[zoj-82]

Baytex info

https://translate.googleusercontent.com/translate_c?anno=2&d…

[michaauto1]

Moin,
ich hatte schon Bammel, das die Firma Pleite geht.Mit der Erholung des Ölpreises scheint Entspannung reinzukommen.Ich bin jetzt +- 0 und bleibe drin.Wie sind Eure Einstiegskurse? Nachkauf? Habt Ihr Euch Kursziele gesetzt?
Grüße

[zoj-82]

Antwort auf Beitrag Nr.: 57.679.923 von michaauto1 am 02.05.18 19:18:06

Hier ist BTE vorum

Da kann mach sich informieren. https://translate.google.de/translate?hl=de&sl=en&u=http://w… oder wenn nicht geht http://www.stockhouse.com/companies/bullboard?symbol=bte

[michaauto1]

Antwort auf Beitrag Nr.: 57.701.415 von zoj-82 am 05.05.18 15:28:56

Ok, danke.
Ist trotzdem noch jemand drin?

[michaauto1]

Antwort auf Beitrag Nr.: 57.783.178 von michaauto1 am 17.05.18 17:38:24

Moinsen,
ist hier irgendjemand noch investiert? Hat jemand nee Ahnung wie die Firma dasteht? Ich habe leider damals einfach auf Empfehlung gekauft ohne mich zu informieren
grüße

[freddy1989]

Antwort auf Beitrag Nr.: 53.869.648 von branigan am 10.12.16 13:22:07

Wow die Firma ist ja richtig unter die Räder gekomme nichts mit 20 CAD gggg Charttechnisch

Was denkt ihr wie geht es hier weiter hat die Firma eine Überlebenschance?

[e64]

Antwort auf Beitrag Nr.: 61.713.746 von freddy1989 am 17.10.19 21:16:09

Putin ist vor wenigen Tagen in Riad gewesen.
Scheint so, dass Saudis und Russen den Ölpreis nicht arg tief fallen lassen wollen.

Der Markt geht noch nicht davon aus, dass hier Insolvenz droht.
Die Börsen-Kapitalisierung ist noch ordentlich.

Überlege auch, ob ich eine kleine Position hier aufmache.
Die Kurse werden zwar nicht in Deutschland gemacht, vielleicht bekommen wir das Papier unter 1 EUR,
wenn zb die Q3-Zahlen nicht gut ausfallen.

[e64]

Antwort auf Beitrag Nr.: 61.717.409 von e64 am 18.10.19 12:17:42

Q2 Gewinn $78,8 Mio.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBTE-2790…

Q3 Gewinn $15 Mio.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBTE-2826…

[zoj-82]

Antwort auf Beitrag Nr.: 62.056.808 von e64 am 02.12.19 11:37:54

Baytex

Was denkt ihr, wie es sich entwickelt? Wie hoch ist die Wahrscheinlichkeit von Konkurs?

[e64]

Antwort auf Beitrag Nr.: 62.058.959 von zoj-82 am 02.12.19 15:32:31

Wenn der Ölpreis so bleibt wie er ist, wird es keinen Konkurs geben.
Das kann uns aber keiner garantieren.

Die Förderkosten in Canada sind sehr hoch, arg tief darf der Ölpreis nicht fallen.

Die Frage ist eigentlich: Beim welchen Aktien-Kurs kann man ein Engagement riskieren und sich eine Handvoll Aktien ins Depot legen ?

[e64]

Antwort auf Beitrag Nr.: 62.058.959 von zoj-82 am 02.12.19 15:32:31

Zitat von zoj-82: Was denkt ihr, wie es sich entwickelt? Wie hoch ist die Wahrscheinlichkeit von Konkurs?

Wettlauf ums Überleben
https://www.finanz.ru/novosti/birzhevyye-tovary/gonka-na-vyz…

Russland und Saudi-Arabien treiben den Ölmarkt zu einer Wiederholung des Crashs der 1980er.

Der letzte OPEC-Gipfel endete am Freitag in Wien. Minister von 24 Ländern, die „schwarzes Gold“ exportieren, beschlossen, die Ölproduktion um weitere 500.000 Barrel pro Tag zu reduzieren.
Das im Dezember 2016 geschlossene Abkommen zur Stabilisierung des Ölmarktes wurde als großer Sieg gewertet und der erste koordinierte Schritt der Ölriesen seit mehr als 20 Jahren wie eine Falle zugeschlagen, aus der es unmöglich ist, herauszukommen.
Der Deal, der geplant war, um überschüssiges Öl für sechs Monate vom Markt zu entfernen, bleibt für das vierte Jahr in Kraft. In dieser Zeit stieg der weltweite Ölbedarf um 5 Millionen Barrel pro Tag. Aber die OPEC-Länder haben nichts vom neuen Markt mitbekommen: Ihre Produktion von 32,4 Millionen Barrel pro Tag ist unter 30 Millionen gefallen.
Die bittere Pille ging nach Saudi-Arabien, das vor vier Jahren täglich 11 Millionen Barrel und jetzt nur 9,8 Millionen Barrel pumpte. Russland, der zweitgrößte Bieter, steigerte die Produktion, jedoch nur um 700.000 Barrel pro Tag.
Seit 2017 haben Länder, die nicht der OPEC angehören, die gesamte Nachfrage nach neuem Öl auf dem Planeten gedeckt: Innerhalb von drei Jahren wurden durch Deals täglich 7 Millionen Barrel neues Öl auf den Markt gebracht - 25 Supertanker pro Woche.
Die Vereinigten Staaten erhöhten die Produktion um 4 Millionen Barrel pro Tag und wurden zu einem Nettoexporteur von Öl und Ölprodukten. Die OPEC musste beobachten, wie ihr Marktanteil von 33,6% auf ein historisches Tief von 28,5% sank.
Die Strategie von Saudi-Arabien besteht darin, den amerikanischen Schiefer auszusitzen, bis der Boom zu Ende ist, bis Unternehmen die Schulden nicht bedienen können und die Produktion nicht mehr wächst, berichtet Bloomberg unter Berufung auf Quellen im Kartell.
Aber bei Preisen von etwa 60 USD pro Barrel sind nicht nur USA bereit, die Produktion zu steigern. Nach Schätzungen von Rystad Energy werden Norwegen und Brasilien im Jahr 2020 1 Million Barrel pro Tag hinzufügen. Das Gesamtwachstum der Lieferungen aus Nicht-OPEC-Ländern beträgt seit 1978 maximal 2,3 Millionen Barrel pro Tag (davon 1,1 Millionen aus den USA).
Die Situation auf dem Ölmarkt vor einem halben Jahrhundert wiederholt sich im Deja-Vu-Modus: 1981-85 reduzierte Saudi-Arabien die Produktion und versuchte, die Preise nahe dem damaligen Rekordniveau von 30 USD pro Barrel zu halten.
Die Strategie kam jedoch zum Erliegen. Nachdem sie zwei Drittel des Marktes eingebüßt hatten (der Anteil ging von 17,6% auf 7,1% zurück), gaben die Saudis einen Fehler zu, erhöhten die Produktion drastisch und verdreifachten ihre Preise innerhalb eines halben Jahres - auf 10 USD im Frühjahr 1986.
Als Saudi-Arabien nieste, erkältete sich die Sowjetunion. Die KPdSU war es gewohnt, für den Import von Getreide, Nahrungsmitteln und Technologie mit Öl zu bezahlen, nahm Kredite bei westlichen Banken auf und verdoppelte ihre Auslandsschulden innerhalb von drei Jahren. Als es 1989 es nicht mehr möglich so weiter zu machen, begann die UdSSR, eine Goldreserve (durch Swap-Operationen) zu verpfänden. Kredite wurde bei westlichen Regierungen beantragt. Raketenstützpunkte und osteuropäische Länder verlassen. Aber das half auch nicht. Im Januar 1991, "war das Land am Rande des Bankrotts, mit allen sozialen und wirtschaftlichen Konsequenzen", schrieb der damalige Vorsitzende der Vnesheconombank der UdSSR, Yury Moskovsky, in einem Bericht an Premierminister Pavlov.
Diese Insolvenz erfolgte am 6. Dezember 1991, als die VEB der UdSSR ein Moratorium für alle Auslandszahlungen erklärte. Zwei Wochen später gab es die UdSSR nicht mehr.
Aber diesmal wird es anders sein, ist sich der Leiter des Ministeriums für wirtschaftliche Entwicklung, Maxim Oreshkin, sicher. „Wenn Saudi-Arabien Mitte der 80er Jahre des letzten Jahrhunderts mit dem relativ niedrigen Ölpreis zufrieden war, brauchte die Sowjetunion einen hohen Ölpreis. Die UdSSR war schwach und hatte große Probleme, als der Ölmarkt nachließ. Jetzt wiederholt sich die Situation. Saudis und wir haben Rollen auf dem Ölmarkt getauscht “, erklärte er im September in einem Interview mit TASS.
Um mit Ölschiefer fertig zu werden, sollten die Preise auf 35-45 USD pro Barrel gesenkt werden - auf diesem Niveau gibt es nach Schätzungen der Promvzyazbank eine Gewinnschwelle für die meisten Ölschieferprojekte. Aber dieser Krieg ist für den saudischen Haushalt nicht erschwinglich, der mit 84 über die Runden kommt.
Die Zeit spielt gegen die Saudis: Nach der Prognose der IEA befindet sich die Ära des chronischen Anstiegs der Ölnachfrage ihrer letzten Phase. Bereits zu Beginn der 2030er wird die Welt jährlich nur 100 bis 200.000 Barrel neues Öl pro Tag benötigen - zehnmal weniger als jetzt.
„Wir sollten versuchen so viel wie möglich zu verkaufen, um alles los zu bekommen, was wir haben. Weil es dann niemand mehr Öl brauchen wird “, warnte Pavel Zavalny, Vorsitzender des Energieausschusses der Staatsduma.
Solange Nachfrage bestehe, "muss man die Zeit nutzen, um die Wirtschaft und das Land auf die Zukunft vorzubereiten."

[reini81]

Präsentation 02-2021

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[reini81]

https://www.baytexenergy.com/files/pdf/news-releases/2020/20…

Auszug:

CALGARY, ALBERTA (December 2, 2020) - Baytex Energy Corp. (“Baytex”) (TSX, NYSE: BTE.BC)
announces that its Board of Directors has approved a 2021 capital budget of $225 to $275 million, which is
designed to generate free cash flow and average annual production of 73,000 to 77,000 boe/d.
“We have re-set our business in response to a volatile crude oil market brought on by Covid-19 and are
poised to deliver free cash flow and stable production in a US$40 to US$45 WTI environment. In 2021, we
will benefit from our high graded development opportunities as well as our continued drive to improve cost
structure and capital efficiencies. Our disciplined approach to capital allocation is focused on our high
netback light oil assets in the Viking and Eagle Ford and will allow us to continue to pay down debt,”
commented Ed LaFehr, President and Chief Executive Officer.

[zoj-82]

Antwort auf Beitrag Nr.: 67.048.083 von reini81 am 17.02.21 08:51:41

Hi

Endlich meldet sich wieder jemand, dachte schon ich bin der einzige der da investiert ist. Hab schon so einiges miterlebt mit diese Firma, hoffentlich geht es ab jetzt aufwärts...

[reini81]

Antwort auf Beitrag Nr.: 67.056.927 von zoj-82 am 17.02.21 14:51:02

Hallo,
langsam nimmt das Ding nun fahrt auf!

die Zahlen stehen quasi vor der Tür....bin gespannt

Gruß
reini81

[reini81]

BAYTEX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL AND
OPERATING RESULTS AND YEAR END 2020 RESERVES

2020 Highlights
• Production in line with guidance at 70,475 boe/d (82% oil and NGL) in Q4/2020 and 79,781 boe/d (82% oil and NGL) for
the full-year 2020.
• Exploration and development expenditures totaled $78 million in Q4/2020, bringing aggregate spending for 2020 to $280
million, in line with guidance.
• Delivered adjusted funds flow of $82 million ($0.15 per basic share) in Q4/2020 and $312 million ($0.56 per basic share)
for 2020.
• Generated free cash flow of $2 million in Q4/2020 and $18 million ($0.03 per basic share) for 2020.
• Refinanced US$500 million of long-term notes to 2027 and extended credit facility to 2024.
• Maintained undrawn credit capacity of $367 million and liquidity, net of working capital, of $319 million.
• Achieved a 46% reduction in our GHG emissions intensity through year-end 2020, relative to our 2018 baseline. This
represents an annual reduction of 1.6 million tonnes of CO2e and is equivalent to taking 340,000 cars off the road
annually.
• Our net asset value at year-end 2020, discounted at 10%, is estimated to be $2.78 per share. This is based on the
estimated reserves value plus a value for undeveloped acreage, net of long-term debt and working capital.

https://www.baytexenergy.com/files/pdf/news-releases/2021/20…

2021 Outlook
In 2021, we will benefit from a disciplined approach to capital allocation as well as our continued drive to improve our cost structure
and capital efficiencies. Our high graded capital program is focused largely on our high netback light oil assets in the Viking and
Eagle Ford. At current commodity prices, we intend to implement a heavy oil program in the second half of the year.
Our 2021 guidance remains unchanged as we target production of 73,000 to 77,000 boe/d with exploration and development
expenditures of $225 to $275 million. During Q4/2020, we resumed drilling activity, which is leading to operational momentum
early in 2021 with current production over 78,000 boe/d.

Based on the forward strip(1), we expect to generate over $250 million of free cash flow in 2021 and increase our financial liquidity to over $550 million. We have entered into hedges on approximately 48% of our net crude oil exposure for 2021, largely utilizing
a 3-way option structure that provides WTI price protection at US$45/bbl with upside participation to US$52/bbl.


Gruß
reini81

[reini81]

Antwort auf Beitrag Nr.: 67.192.857 von reini81 am 25.02.21 09:45:07

Ein Wahnsinn ....... FCF von 250 Mio bei einer Marktcap. von ~750 Mio

...da ist (meiner Meinung nach ) noch Luft nach oben....

Nur meine Meinung!

Gruß
reini81

[zoj-82]

Hier ist Forum von der Firma https://stockhouse.com/companies/bullboard?symbol=t.bte

[reini81]

BAYTEX ANNOUNCES FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS AND
PROVIDES FIVE YEAR OUTLOOK WITH CUMULATIVE FREE CASH FLOW OF $1 BILLION

https://www.baytexenergy.com/files/pdf/news-releases/2021/20…



Gruß
reini81

[reini81]

Antwort auf Beitrag Nr.: 67.998.350 von reini81 am 30.04.21 07:47:02

Auszug:

2021 Outlook
We are benefiting from a disciplined approach to capital allocation and improvements to our cost structure and capital efficiencies along with the recovery in commodity prices. Drilling activity resumed late last year and we are building significant operational momentum with first quarter production up 12% from Q4/2020, largely driven by our light oil business. We are on track to deliver over $250 million ($0.45 per basic share) of free cash flow, which will accelerate our debt reduction efforts.

Gruß
reini81

[zoj-82]

Antwort auf Beitrag Nr.: 67.998.587 von reini81 am 30.04.21 08:10:38

Das sind gute Neuigkeiten

Hab ergindwo gelesen das sie da auch Öl gefunden haben, ca. Für 300-400 Millionen Dollar, weiß du da was, oder kommt da noch offizielle Nachrichten

[reini81]

Antwort auf Beitrag Nr.: 68.040.956 von zoj-82 am 04.05.21 10:16:37

Hallo,

ich werde mal recherchieren....

Gruß
reini81

[zoj-82]

Sie verdienen jetzt ordentlich Geld. Endlich kommt Bewegung. Hoffentlich bleibt das Öl bej denn Preisen, da werden die Schulden keine Problem mehr

[reini81]

Der Wert nimmt an Fahrt auf bzw. der Anstieg beschleunigt sich...

...kein Wunder...die verdienen gerade richtig viel Geld und können Schulden zurückzahlen....

Nur meine Meinung!

Gruß
reini81

[zoj-82]

Einsteigen

Leute, bevor es zu Spät ist, nächste Woche Q3 Ergebnisse, Q4 werden auch sehr positiv sein, Öl wird auch 2022 über 70 bleiben, da ist noch viel Luft nach oben...

[Oginvest]

Last blend standing? Canadian oilsands' prospects surge as competitors fall apart

The latest tailwind for the Canadian energy sector could emerge from Mexico's decision to curtail crude oil exports

Just over a year ago, Canadian oilsands companies were struggling to keep their heads above water as pipeline cancellations and delays, environmental pressures and low crude-oil prices sent stock prices plunging and investors heading for the exits. While some of the challenges remain, especially on the environmental front, the oilsands appeared to have come out stronger from the ordeal even as some of its competitors face their own set of challenges and production declines.

Now, the decimation of crude exports from rival heavy oil producers has made the Canadian oilsands the last exporting blend standing in the Americas.

Petroleos Mexicanos, the Mexican state-owned producer known as Pemex, is set to reduce daily crude exports this year by more than half to 435,000 barrels before phasing out sales to foreign customers in 2022, chief executive officer Octavio Romero said during a press conference in Mexico City late last year.

The ambitious — and some say improbable — endeavour is part of President Lopez Obrador’s drive to expand homegrown production of gasoline and diesel that Mexico now mostly buys from U.S. refiners. Like many major oil-producing nations, Mexico lacks the processing capacity to convert its oil bounty into fuels and other end-products.

“It is highly unlikely that the administration will achieve its goals of refining all of Pemex’s production domestically, given the financial and technical struggles of the state-run firm; nonetheless, this strategy indicates that Pemex will now focus more on downstream rather than upstream investment, which will not help to improve its finances and could strain fiscal accounts further,” Daniel Kerner, managing director, Latin America at Eurasia Group, said in a note to clients.

Mexican exports of crude oil and products to the U.S. hit a decade low of 226,000 barrels per day in the last week of December, according to the U.S. Department of Energy. In contrast, Canadian oil exports to the U.S. were trending near record highs to 3.8 million bpd during the same period.

“Looking ahead, Canadian crude exports out of the U.S. Gulf should continue to show strength — particularly if we start to see Mexican crude exports starting to slip,” Matt Smith, lead oil analyst for the Americas with Kpler, a research consultancy, said in an email. “The U.S. is the largest recipient of Mexican crude, averaging just under 600,000 in 2021, so it will take the biggest hit should exports drop.”

Heavy Canadian oil competes with crudes of similar density from Mexico and Venezuela, and are prized by Gulf Coast refineries and many Asian refineries that are configured to process the heavier grade. Over the past few years, Venezuelan oil exports to the U.S. have fallen to zero from 634,000 bpd as recently as 2019, creating yet another opening for Canadian Natural Resources Ltd, Suncor Energy Inc., Cenovus Energy Inc. and Imperial Oil Ltd., among others.

The declines in Venezuelan and Mexican crude exports to Asia have coincided with the opening of a new export avenue for Alberta’s major producers: a reversed Capline crude oil pipeline, which connects U.S. MidWest refineries to the massive oil complex located in the Gulf of Mexico giving Canadian producers a new export avenue to Asia and other markets.

Jointly owned by Marathon and Plains All American Pipeline, Capline can now ship crude from Patoka, Ill. refineries to reach St. James, La., with initial volumes of 200,000 bpd. The pipeline connects to Enbridge’s Mainline pipeline through its Southern Access Extension pipeline, which has the capacity to transport 400,000 bpd. Another avenue for Canadian crude to access Capline is through a Keystone Pipeline spur connecting to Pakota.

Shipments on the Capline are expected to be “100 per cent Canadian crude,” Jeremy Goebel, chief commercial officer at Plains told analysts at a press conference in November. The Capline’s capacity could be expanded to 1.2 million bpd, but would require further investment.

“I think there’s a number of projects potentially restructuring how crude gets across the Canadian border and what markets it goes to. And so, once there’s clarity with Enbridge and its shippers and TransCanada and its shippers, I think we’ll see… how many barrels flow to Patoka and the potential to expand it. So we definitely think there’s opportunities to increase from where it is today, but there needs to be certainty of which barrels end up in Patoka and U.S. shipper industry to get there.”
https://financialpost.com/commodities/energy/oil-gas/last-bl…

[Oginvest]

Oil and Gas Outlook 2022

Pity the Las Vegas bookmaker who tries to set the odds for success of North America’s oil and gas sector in 2022.

A variety of factors have made the industry’s future, even in the short term, almost impossible to predict with any degree of certainty. That’s exacerbated by the aggressiveness and dire warnings from the environmental movement, supported in large part by dictates from United States President Joe Biden and Canadian Prime Minister Justin Trudeau, made largely without paying attention to their widespread ramifications.

Despite all that, industry leaders have a more positive view.

Deloitte’s 2022 Oil and Gas Industry Outlook notes that the industry rebounded strongly in 2021, with oil prices reaching their highest level in six years, above $80 per barrel after lows of around $40-$60/bbl. Many companies are looking to reinvent themselves by practicing capital discipline, focusing on financial health, committing to climate change and transforming business models, the survey found, and nearly two-thirds of oil and gas executives saying they’re “highly positive” about strategic changes made by their organizations.

“The journey of transformation has just begun for the industry and simply managing or riding oil price cycles aren’t options anymore,” Deloitte’s report says. Instead, they say, over the next 12-18 months industry strategists should streamline and optimize their resource portfolios; embrace and develop smart goals for the energy transition; attract, train and retain employees in a tight labor market; and, come to terms with additional environmental, social and governance (ESG) requirements.

The study says that oil and gas companies are now showing more discipline with production and capital guidance, despite the current high prices. And those prices are allowing companies to fund their net-zero commitments with investments in more risky and expensive green energy solutions, such as carbon capture, utilization and storage. Furthermore, ESG is playing a larger role in M&A transactions, and with oilfield service sector spending expected to remain about 25% below 2019 levels until 2025, business models are shifting to enable a new energy era.

There’s no question that change is in the wind. The Canadian Energy Regulator (CER) in their report Energy Supply and Demand Projections to 2050, predicts that fossil fuel use will drop 62% in the next 30 years if Canada and the world continue the current pace of increasing action to reduce greenhouse gas emissions. The CER also predicts that Canadians will reduce the overall energy consumption by 21 per cent in the same period and that electricity will play a more significant role in satisfying energy needs, a 45% increase.

Weiter > https://resourceworld.com/oil-and-gas-outlook-2022/

[Oginvest]

Baytex Announces Fourth Quarter and Year-End 2021 Results, Reserves and Return of Capital Framework

CALGARY, ALBERTA (February 24, 2022) - Baytex Energy Corp. ("Baytex")(TSX: BTE) reports its operating and financial results for the three months and year ended December 31, 2021 (all amounts are in Canadian dollars unless otherwise noted).

“In 2021, we made a commitment to maintain capital discipline, maximize free cash flow and reduce our net debt. I am very pleased to say we delivered on all fronts with strong operational execution, record free cash flow and a significantly improved balance sheet. With continued operating momentum and current commodity prices, we expect to generate over $550 million of free cash flow in 2022 and reach our initial $1.2 billion net debt target during the second quarter. As a result, we are announcing the next phase of our return of capital framework, which includes allocating approximately 25% of our free cash flow to share buybacks commencing in the second quarter. We are also following up our success in the Clearwater where we now have four of the top five initial rate wells drilled to date in the play,” commented Ed LaFehr, President and Chief Executive Officer.

2021 Highlights
•
Production exceeded the high end of guidance at 80,789 boe/d (82% oil and NGL) in Q4/2021 and 80,156 boe/d (82% oil and NGL) for the full-year 2021.
•
Exploration and development expenditures totaled $74 million in Q4/2021, bringing aggregate spending for 2021 to $313 million, in line with guidance.
•
Delivered adjusted funds flow(1) of $215 million ($0.38 per basic share) in Q4/2021 and $746 million ($1.32 per basic share) for 2021.
•
Generated a record level of free cash flow(2) of $137 million ($0.24 per basic share) in Q4/2021 and $421 million ($0.75 per basic share) for 2021.
•
Cash flows from operating activities was $241 million ($0.43 per basic share) in Q4/2021 and $712 million ($1.26 per basic share) for 2021.
•
Reduced net debt(1) by 24% to $1.4 billion at year-end 2021, from $1.8 billion at year-end 2020.
•
Drilled four of the top five wells to-date in the Clearwater play, with our two most recent wells at Peavine generating 30-day initial production rates of 921 bbl/d and 815 bbl/d, respectively.
•
Reduced our GHG emissions intensity (tonnes of CO2e per boe) in 2021 by 11% over 2020 levels and have now achieved a 52% reduction, relative to our 2018 baseline.

Reserves Highlights
•
Proved developed producing reserves increased by 7%, from 120 mmboe to 129 mmboe. Proved reserves total 278 mmboe (271 mmboe at year-end 2020) and proved plus probable reserves total 451 mmboe (462 mmboe at year-end 2020).
•
Finding and development ("F&D") costs, including changes in future development costs (“FDC”), were $8.20/boe for PDP reserves, $17.67/boe for 1P reserves and $24.55/boe for 2P reserves.
•
Generated a PDP recycle ratio of 4.5x and a 1P recycle ratio of 2.1x based on 2021 operating netback(1) of $36.52/boe.
•
At year-end 2021, the present value of our reserves, discounted at 10% before tax, is estimated to be $5.1 billion ($3.3 billion at year-end 2020). The increase is largely attributable to a higher commodity price forecast being utilized by our reserves evaluator (consultant average of approximately US$70/bbl WTI).
•
Our net asset value at year-end 2021, discounted at 10% before tax, is estimated to be $6.67 per share. This is based on the estimated reserves value plus a value for undeveloped acreage, net of long-term debt and working capital.

2022 Outlook
In 2022, we expect to benefit from our diversified oil weighted portfolio and our commitment to allocate capital effectively. Our capital program is designed to generate stable production from our light and heavy oil assets in Canada and the Eagle Ford in the United States, while scaling up development in the Clearwater.

Our 2022 guidance remains unchanged as we target production of 80,000 to 83,000 boe/d with exploration and development expenditures of $400 to $450 million. Based on the forward strip(1), we expect to generate over $550 million of free cash flow(2) in 2022

Weiteres > https://www.baytexenergy.com/files/pdf/news-releases/2022/20…

[Oginvest]

Antwort auf Beitrag Nr.: 70.952.509 von Oginvest am 25.02.22 21:57:25

Auszug:

Return of Capital Framework
With continued operating momentum and strong commodity prices, we expect to reach our initial $1.2 billion net debt(4) target during the second quarter of 2022. As we reach this debt level, we will have reduced our net debt by approximately $1.1 billion over the past three and a half years. As a result of our significantly improved financial position, we are introducing the next phase of our enhanced return to shareholders framework.

For 2022, we expect to allocate approximately 25% of our annual free cash flow to direct shareholder returns and intend to implement a share buyback program commencing in Q2/2022.

The remainder of our free cash flow will continue to be allocated to debt reduction until we achieve a net debt level of $800 million, which represents an expected net debt(4) to EBITDA(5) ratio of 1.0x at a US$55 WTI price. We feel this level of net debt will provide us with ultimate flexibility to run our business through the commodity price cycles and generate meaningful returns for all stakeholders. At current prices, we expect to achieve this net debt level by mid-2023, at which point we will consider steps to further enhance shareholder returns.

[Oginvest]

Investor Presentation - March 2022

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[Oginvest]

US energy secretary urges companies to boost oil, gas output

HOUSTON (REUTERS) - Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia's invasion of Ukraine, US Energy Secretary Jennifer Granholm said on Wednesday (March 9).....

https://www.straitstimes.com/world/united-states/us-energy-s…

[Oginvest]

Canada can boost oil, gas exports in 2022 up to 300,000 bpd -minister

CALGARY, Alberta, March 24 (Reuters) - Canada has capacity to increase oil and gas exports by up to 300,000 barrels per day (bpd) in 2022 to help improve global energy security following Russia's invasion of Ukraine, Natural Resources Minister Jonathan Wilkinson said in a statement on Thursday.

Wilkinson was in Paris for a meeting at the International Energy Agency (IEA) headquarters, where the United States and allies discussed ways to help calm volatile oil markets. read more

Canada, the world's fourth-largest crude producer, is keen to help shore up long-term energy security as countries that previously relied on Russian oil and gas look for replacements amid sanctions aimed at punishing Russia. read more

Wilkinson said Canada could increase oil exports by up to 200,000 bpd and natural gas exports by up to 100,000 barrels of oil equivalent per day (boepd) this year in response to requests from allies to address supply shortages.

He also attended a meeting to discuss how IEA member countries can work together to ensure availability of critical minerals required for the energy transition, which Canada has plentiful supplies of.

"Our European friends and allies need Canada and others to step up," Wilkinson said. "They're telling us they need our help in getting off Russian oil and gas in the short term, while speeding up the energy transition across the continent."

Canada currently exports around 4 million bpd of oil to the U.S., a small portion of which is re-exported overseas. read more

https://www.reuters.com/business/energy/canada-can-boost-oil…

[erwin-kostedde]

Neue Baytex-Präsentation für Investoren:

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[Oginvest]

Antwort auf Beitrag Nr.: 71.259.213 von erwin-kostedde am 01.04.22 21:11:18

Danke

Mit dem aktuell wohl ungeplant stärker angestiegenen Ölpreis sollte der Schuldenabbau schneller voranschreiten und der FCF höher ausfallen, als zuvor geplant.

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.260.143 von Oginvest am 02.04.22 00:22:11

interessant finde ich, dass die als best case 95$/bl annehmen. Zudem ab Q2 ARP.
Sofern der Ölpreis hoch bleibt ab Q4 vsl. Dividende.
Ab 65 $ ist es ein investment case. Ich habe mir ein paar gekauft. Die scheinen mir trotz des Kursanstiegs immer noch günstig.

[Oginvest]

Antwort auf Beitrag Nr.: 62.105.177 von e64 am 07.12.19 21:25:27

Soeben diesen Beitrag gelesen...ab und zu die Vergangenheit "betrachten", finde ich immer wieder interessant:

Zitat von e64:

Zitat von zoj-82: Was denkt ihr, wie es sich entwickelt? Wie hoch ist die Wahrscheinlichkeit von Konkurs?

Wettlauf ums Überleben
https://www.finanz.ru/novosti/birzhevyye-tovary/gonka-na-vyz…

Russland und Saudi-Arabien treiben den Ölmarkt zu einer Wiederholung des Crashs der 1980er.

Der letzte OPEC-Gipfel endete am Freitag in Wien. Minister von 24 Ländern, die „schwarzes Gold“ exportieren, beschlossen, die Ölproduktion um weitere 500.000 Barrel pro Tag zu reduzieren.
Das im Dezember 2016 geschlossene Abkommen zur Stabilisierung des Ölmarktes wurde als großer Sieg gewertet und der erste koordinierte Schritt der Ölriesen seit mehr als 20 Jahren wie eine Falle zugeschlagen, aus der es unmöglich ist, herauszukommen.
Der Deal, der geplant war, um überschüssiges Öl für sechs Monate vom Markt zu entfernen, bleibt für das vierte Jahr in Kraft. In dieser Zeit stieg der weltweite Ölbedarf um 5 Millionen Barrel pro Tag. Aber die OPEC-Länder haben nichts vom neuen Markt mitbekommen: Ihre Produktion von 32,4 Millionen Barrel pro Tag ist unter 30 Millionen gefallen.
Die bittere Pille ging nach Saudi-Arabien, das vor vier Jahren täglich 11 Millionen Barrel und jetzt nur 9,8 Millionen Barrel pumpte. Russland, der zweitgrößte Bieter, steigerte die Produktion, jedoch nur um 700.000 Barrel pro Tag.
Seit 2017 haben Länder, die nicht der OPEC angehören, die gesamte Nachfrage nach neuem Öl auf dem Planeten gedeckt: Innerhalb von drei Jahren wurden durch Deals täglich 7 Millionen Barrel neues Öl auf den Markt gebracht - 25 Supertanker pro Woche.
Die Vereinigten Staaten erhöhten die Produktion um 4 Millionen Barrel pro Tag und wurden zu einem Nettoexporteur von Öl und Ölprodukten. Die OPEC musste beobachten, wie ihr Marktanteil von 33,6% auf ein historisches Tief von 28,5% sank.
Die Strategie von Saudi-Arabien besteht darin, den amerikanischen Schiefer auszusitzen, bis der Boom zu Ende ist, bis Unternehmen die Schulden nicht bedienen können und die Produktion nicht mehr wächst, berichtet Bloomberg unter Berufung auf Quellen im Kartell.
Aber bei Preisen von etwa 60 USD pro Barrel sind nicht nur USA bereit, die Produktion zu steigern. Nach Schätzungen von Rystad Energy werden Norwegen und Brasilien im Jahr 2020 1 Million Barrel pro Tag hinzufügen. Das Gesamtwachstum der Lieferungen aus Nicht-OPEC-Ländern beträgt seit 1978 maximal 2,3 Millionen Barrel pro Tag (davon 1,1 Millionen aus den USA).
Die Situation auf dem Ölmarkt vor einem halben Jahrhundert wiederholt sich im Deja-Vu-Modus: 1981-85 reduzierte Saudi-Arabien die Produktion und versuchte, die Preise nahe dem damaligen Rekordniveau von 30 USD pro Barrel zu halten.
Die Strategie kam jedoch zum Erliegen. Nachdem sie zwei Drittel des Marktes eingebüßt hatten (der Anteil ging von 17,6% auf 7,1% zurück), gaben die Saudis einen Fehler zu, erhöhten die Produktion drastisch und verdreifachten ihre Preise innerhalb eines halben Jahres - auf 10 USD im Frühjahr 1986.
Als Saudi-Arabien nieste, erkältete sich die Sowjetunion. Die KPdSU war es gewohnt, für den Import von Getreide, Nahrungsmitteln und Technologie mit Öl zu bezahlen, nahm Kredite bei westlichen Banken auf und verdoppelte ihre Auslandsschulden innerhalb von drei Jahren. Als es 1989 es nicht mehr möglich so weiter zu machen, begann die UdSSR, eine Goldreserve (durch Swap-Operationen) zu verpfänden. Kredite wurde bei westlichen Regierungen beantragt. Raketenstützpunkte und osteuropäische Länder verlassen. Aber das half auch nicht. Im Januar 1991, "war das Land am Rande des Bankrotts, mit allen sozialen und wirtschaftlichen Konsequenzen", schrieb der damalige Vorsitzende der Vnesheconombank der UdSSR, Yury Moskovsky, in einem Bericht an Premierminister Pavlov.
Diese Insolvenz erfolgte am 6. Dezember 1991, als die VEB der UdSSR ein Moratorium für alle Auslandszahlungen erklärte. Zwei Wochen später gab es die UdSSR nicht mehr.
Aber diesmal wird es anders sein, ist sich der Leiter des Ministeriums für wirtschaftliche Entwicklung, Maxim Oreshkin, sicher. „Wenn Saudi-Arabien Mitte der 80er Jahre des letzten Jahrhunderts mit dem relativ niedrigen Ölpreis zufrieden war, brauchte die Sowjetunion einen hohen Ölpreis. Die UdSSR war schwach und hatte große Probleme, als der Ölmarkt nachließ. Jetzt wiederholt sich die Situation. Saudis und wir haben Rollen auf dem Ölmarkt getauscht “, erklärte er im September in einem Interview mit TASS.
Um mit Ölschiefer fertig zu werden, sollten die Preise auf 35-45 USD pro Barrel gesenkt werden - auf diesem Niveau gibt es nach Schätzungen der Promvzyazbank eine Gewinnschwelle für die meisten Ölschieferprojekte. Aber dieser Krieg ist für den saudischen Haushalt nicht erschwinglich, der mit 84 über die Runden kommt.
Die Zeit spielt gegen die Saudis: Nach der Prognose der IEA befindet sich die Ära des chronischen Anstiegs der Ölnachfrage ihrer letzten Phase. Bereits zu Beginn der 2030er wird die Welt jährlich nur 100 bis 200.000 Barrel neues Öl pro Tag benötigen - zehnmal weniger als jetzt.
„Wir sollten versuchen so viel wie möglich zu verkaufen, um alles los zu bekommen, was wir haben. Weil es dann niemand mehr Öl brauchen wird “, warnte Pavel Zavalny, Vorsitzender des Energieausschusses der Staatsduma.
Solange Nachfrage bestehe, "muss man die Zeit nutzen, um die Wirtschaft und das Land auf die Zukunft vorzubereiten."

[Oginvest]

Antwort auf Beitrag Nr.: 71.261.181 von erwin-kostedde am 02.04.22 10:58:32

Ja, beim "best case"-Wert habe ich mich auch kurz gefragt, jedoch gehe ich davon aus, die wissen wie sie den berücksichtigen dürfen und bei einem "best case"- Wert von über 100$/bl könnte es in einer Präsentation ev. unseriös wirken. 🙄

Je nachdem wie stark (hoch) kommende(?) OPEC (OPEC+) Gegenmassnahmen ausfallen, könnte der Ölpreis nach unten korrigieren....sich jedoch mit Erholung der Wirtschaft (nach COVID-19) dann trotzdem erhöhen. 🤔

Aktuell sieht es bei Baytex zumindest besser aus als in den vergangenen Jahren....und vielleicht erhalten wir ab 2023 wieder eine Dividende. 😎

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.264.406 von Oginvest am 03.04.22 01:59:12

zumindest scheint es relativ einfach zu prognostizieren, wie es bei 105 $ aussieht (800"$ FCF).
Dividende habe ich noch einmal nachgesehen. Ja, frühestens in mid 2023.

Once our net debt reaches $800 million (2)
(mid-2023) we will consider steps to further
enhance shareholder returns

Andererseits werden die Schulden ja offenbar recht schnell getilgt, solange der Ölpreis >100 $ steht. Insofern ist ein Schuldenstand <800"$ evtl. auch schon vorher erreicht.
Q2 2022 sind es <1.200"

[e64]

Antwort auf Beitrag Nr.: 71.264.400 von Oginvest am 03.04.22 01:39:27

Baytex ist leider eine der vielen Chancen die ich nicht genutzt habe.
Hatte 2020 nicht den Mut diese Aktie unter 0,3 EUR zu kaufen.
Habe nur Total Gabun im Depot, bin damit auch zufrieden, die Performans ist aber nicht so gut wie bei Baytex.

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.282.394 von e64 am 05.04.22 12:15:22

zu 0,3 € war es aber auch kein Invest, sondern ein Lotterielos

[Oginvest]

Antwort auf Beitrag Nr.: 71.282.598 von erwin-kostedde am 05.04.22 12:34:31

Ja, der auch jetzt hohe Ölpreis war/ist der rettende Strohhalm. 🙄

Wobei ich mir letzthin auch überlegte, wie lange geht das eigentlich gut, denn der Energietransfer weg von (soviel) Ölverbrauch kommt in den nächsten Jahren, schafft es Baytex noch x-Jahre relevant zu bleiben und seine Produkte zu verkaufen? Ist ja kein Grosskonzern. 🤔

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.282.847 von Oginvest am 05.04.22 12:56:02

2025 reicht ja lt. IR.
Ich kann nicht einschätzen wie lange man noch Öl braucht. Da aber jetzt schon rund 50% aller Autos und Heizungen verbaut sind, die in 2030 auch noch laufen, wird es nicht so schnell gehen.
Es scheint mir aber zumindest, dass sich RU jetzt für länger disqualifiziert.

[erwin-kostedde]

Seeking alpha ist übrigens bullish:

Baytex Energy: One Of The Best Turnaround Stories Out There
Mar. 29, 2022 2:52 PM ETBaytex Energy Corp. (BTEGF)83 Comments23 Likes
Summary

Baytex is going to see continued high growth in free cash flow over the next two years.
Baytex will be introducing a buyback plan in 2022 and likely a dividend in 2023.
Baytex has lots of room to run. My long-term target is $13.00

https://seekingalpha.com/article/4498431-baytex-energy-best-…

[Oginvest]

Antwort auf Beitrag Nr.: 71.289.747 von erwin-kostedde am 06.04.22 00:08:42

👍 Die Absicherung ist nun vielleicht etwas "störend", jedoch denke ich, sie haben zu recht auf Sicherheit gesetzt - sonst wäre das Unternehmen ev. nicht mehr in der Art vorhanden, vielleicht auch Konkurs gegangen. 🤔

Die nahe Zukunft bringt mit einem Ölpreis in Höhe von $ 85 - 90 Erleichterung und die Schulden können zügig abgebaut werden. 🙂

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.291.757 von Oginvest am 06.04.22 09:57:39

ich nehme an, du meinst das Hedging?
Das betrifft ja nur die Minderheit. Aber klar, aktuell wäre es natürlich besser ausschließlich spot rates zu haben.

[Oginvest]

Antwort auf Beitrag Nr.: 71.291.895 von erwin-kostedde am 06.04.22 10:07:00

Ja

[Oginvest]

Oil slumps to three-week low after Fed minutes, big IEA reserve release announcement

NEW YORK, April 6 (Reuters) - Oil futures fell sharply on Wednesday after large consuming nations said they would release oil from reserves to counter tightening supplyand hawkish minutes from the U.S. central bank that bolstered the dollar.

Selling accelerated into the close, leaving both the Brent and West Texas Intermediate benchmarks at their lowest closing levels since March 16. Brent crude futures settled down $5.57, or 5.2%, at $101.07 a barrel, while U.S. crude fell $5.73, or 5.6%, to $96.23 a barrel.

Member states of the International Energy Agency (IEA) will release 120 million barrels from strategic reserves to try to quell price gains. The release will include 60 million from the United States, according to two sources familiar with the matter. That commitment forms part of the previous U.S. announcement of a 180 million-barrel reserve release. read more

....

https://www.kitco.com/news/2022-04-06/Oil-slumps-to-three-we…

[Oginvest]

Antwort auf Beitrag Nr.: 71.282.847 von Oginvest am 05.04.22 12:56:02

Wenn ich nun das lese, ist's wohl einiges zu früh, um sich Gedanken zu machen wegen Baytex "wie lange noch" 🙂

Canada to approve $12 bln Bay du Nord oil project on Wednesday -Canadian media

CALGARY — The Canadian government will approve on Wednesday a $12 billion offshore oil project proposed by Norway’s Equinor ASA, Canadian media outlets reported, citing unnamed sources.

Canada’s environment ministry did not immediately respond to a request for comment.

The Bay du Nord project would involve building a floating platform to drill an estimated resource of 300 million barrels of light crude oil over 12 to 20 years in the ocean near Canada’s Newfoundland and Labrador province.

....

https://financialpost.com/pmn/business-pmn/canada-to-approve…

[Oginvest]

The independent expert assumed a Brent oil price of $100 a barrel for 2022, falling gradually to $70 a barrel in 2026.

Aus folgendem Bericht eine Aussage eines "unabhängigen Experten":
https://www.newsbreak.com/news/2566419146460/woodside-invest…

[Oginvest]

U.S. energy secretary says oil, gas output will continue to increase

WASHINGTON, April 25 (Reuters) - The U.S. Energy Secretary said on Monday U.S. oil and gas production is rising and will continue to rise to make up for the 1 to 1.5 million barrels of oil per day that has been pulled off the market in the wake of Russia's invasion of Ukraine.

Jennifer Granholm told CNBC the boost in U.S. oil to market will be about 1 million barrels per day, first coming from President Joe Biden's record release from the Strategic Petroleum Reserve starting in May and lasting six months.

The administration expects domestic oil production will increase as well in coming months and help stabilize prices for crude and gasoline.

"That's one of the reasons why perhaps you're seeing some leveling off of prices," Granholm said about the supply release's effect on oil prices which also slumped on Monday as COVID-19 lockdowns in China and potential increases in the U.S. interest rate raise concerns about global growth.

Granholm said global and domestic oil markets may react if Europe bans imports of Russian crude. "If they do decide to do some form of ban or some medium version of that, then there will be an impact, no doubt on oil prices, because that will pull more supply off the market," she said.

U.S. consumers are willing to absorb some of those costs, as a sacrifice as the world toughens its stance on Russia, Granholm said, but the Biden administration wants to ensure that it can lessen any impact, "particularly for middle class lower income people who really feel this pinch more than anybody." https://www.reuters.com/business/energy/us-energy-secretary-…

[erwin-kostedde]

BAYTEX ANNOUNCES FIRST QUARTER 2022 RESULTS, STRONG PEAVINE DRILLING,
INCREASED GUIDANCE AND PLANNED SHARE BUYBACK PROGRAM

https://www.baytexenergy.com/files/pdf/news-releases/2022/20…

[zoj-82]

Einsteigen, sonst wird es zu spät

Q1 wahr sehr positiv, weniger Schulden, minus 130 Millionen, jetzt beginnt die Firma mit Aktien ruckkauf, q2 wird noch besser, bis Ende des Jahres werden Schulden auf 800 Millionen fallen, noch vor zwei Jahren wahren es 2,5 Milliarden, ab 2023 wieder Dividende, und vieles mehr...

[erwin-kostedde]

und die neue Monatspräsentation:

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[erwin-kostedde]

buyback Programm veröffentlicht:

BAYTEX ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID
CALGARY, ALBERTA (May 2, 2022) – Baytex Energy Corp. (“Baytex” or the "company")
(TSX: BTE) is pleased to announce that the Toronto Stock Exchange (TSX) has
accepted the company's notice of intention to implement a normal course issuer bid
(“NCIB”) to purchase up to 56,300,143 common shares during the 12-month period
commencing May 9, 2022 and ending May 8, 2023 or such earlier time as the NCIB is
completed or terminated at the option of Baytex

https://www.baytexenergy.com/files/pdf/news-releases/2022/20… - Baytex Announces Approval of NCIB.pdf

[Oginvest]

Zur Zeit läuft's gut für Baytex... 🤑

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.486.477 von erwin-kostedde am 03.05.22 22:13:20

Überschlägig wird Baytex dieses Jahr 175 Mio/7$, also 25 Mio Aktien oder knapp 5% einsammeln.

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.506.208 von erwin-kostedde am 05.05.22 22:51:33

heute startet das buy back Programm. Da können die heute gleich mit einem Discount starten

[Oginvest]

Etwas Positives am aktuell negativeren Kurs 🙂

[erwin-kostedde]

Investor Presentation
June 2022

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[erwin-kostedde]

Antwort auf Beitrag Nr.: 71.506.208 von erwin-kostedde am 05.05.22 22:51:33

Zitat von erwin-kostedde: Überschlägig wird Baytex dieses Jahr 175 Mio/7$, also 25 Mio Aktien oder knapp 5% einsammeln.

die ersten 3,4 Mio Aktien sind im Mai eingesammelt worden.

[Oginvest]

Antwort auf Beitrag Nr.: 71.486.783 von Oginvest am 03.05.22 23:06:22

Kann mich nur wiederholen: Zur Zeit läuft's gut für Baytex... 🤑

[Oginvest]

Facing record inflation, Biden chides Exxon, oil companies for profits

https://www.reuters.com/business/biden-urges-congress-pass-b…

Wie lange dauert es wohl bis das aktuelle Vorhaben von Baytex angeprangert wird.

[Oginvest]

Biden blasts oil refiners for record high gasoline prices, profits

https://ca.investing.com/news/commodities-news/biden-blasts-…

[erwin-kostedde]

die Ölpreissenkung schlägt sich ziemlich stark im Kurs von BTE nieder.
Eigentlich überraschend, denn bei aktuell 105 $ ist BTE immer noch komfortabel. Im Investment Case geht BTE in 2022 von 94$ und 75 $ in den Folgejahren aus.

[zoj-82]

Einsteigen, sonst wird es zu spät

Ja es ist übertrieben, aber manche Leute nehmen Gewinn raus, ich wollte auch ein Drittel verkaufen und wieder einsteigen als es bei 9 cad war, hab mich nicht getraut, schade. Aber andererseits, Firma kauft ja aktuell Aktien zurück, also kann ewentuel mehr davon abkaufen, es wird sich in paar Tagen in die andere Richtung ziehen, und Ergebnisse von q2 werden die besten sein seit Jahren, nicht vergessen....

[erwin-kostedde]

BTE hat weitere 5,4 Mio Aktien im Juni zurück gekauft.

[niccotrader]

Prognosen

Cash Flow soll deutlich steigen, positive Entwicklung bei der Verschuldung


Prognose Kurs


https://www.marketscreener.com/quote/stock/BAYTEX-ENERGY-COR…

[niccotrader]

Second quarter financial and operating results 27.7.

War heute mein stärkster Energiewert

CALGARY, ALBERTA (July 20, 2022) – Baytex Energy Corp. (TSX: BTE) will release its
2022 second quarter financial and operating results after the close of markets on Wednesday
July 27, 2022. A conference call and webcast will be held on Thursday July 28, 2022 to discuss
the results:
https://www.baytexenergy.com/files/pdf/news-releases/2022/20…

[niccotrader]

2. Quartal

Die Zahlen sind m.E. gut.

Auszug
"During the second quarter, we delivered strong operating results which included significant production growth from our
Clearwater assets and record quarterly free cash flow of $245 million. Given the strength of our balance sheet and consistent
with our desire to offer direct shareholder returns, we launched our share buyback program in May and repurchased 9.1 million
shares during the quarter. I am also excited to announce that upon hitting our $800 million net debt target in late 2022 or early
2023, we anticipate increasing direct shareholder returns to 50% of our free cash flow and accelerating our share buyback
program. We continue to view our shares as undervalued in relation to our current operations," commented Ed LaFehr, President
and Chief Executive Officer.
Q2 2022 Highlights
• Generated production of 83,090 boe/d (83% oil and NGL) in Q2/2022, a 2% increase over Q2/2021.
• Delivered adjusted funds flow(1) of $346 million ($0.61 per basic share) in Q2/2022, a 97% increase compared to $176
million ($0.31 per basic share) in Q2/2021.
• Generated free cash flow(2) of $245 million ($0.43 per basic share) in Q2/2022, a 118% increase compared to $112
million ($0.20 per basic share) in Q2/2021.
• Cash flows from operating activities of $360 million ($0.63 per basic share) in Q2/2022, a 109% increase compared to
$172 million ($0.30 per basic share) in Q2/2021.
• Reduced net debt(1) by 20% to $1.12 billion, from $1.41 billion at year-end 2021.
• Redeemed the remaining US$200 million principal amount of 5.625% long-term notes at par on June 1, 2022.
• Repurchased 9.1 million common shares, representing 1.6% of our shares outstanding, at an average price of $6.88
per share.
***

2022 Outlook
We remain intensely focused on maintaining capital discipline and driving meaningful free cash flow in our business. We continue
to execute our 2022 plan with production guidance unchanged at 83,000 to 85,000 boe/d and expect to exit 2022 producing
approximately 87,000 to 88,000 boe/d.
Our 2022 exploration and development expenditures guidance is unchanged at $450 to $500 million. We continue to experience
inflationary pressures in our business, particularly the Eagle Ford, and anticipate full-year capital expenditures toward the high
end of our guidance range. Based on the forward strip(3), we expect to generate approximately $700 million ($1.25 per basic
share) of free cash flow this year.

https://www.baytexenergy.com/files/pdf/news-releases/2022/20…

[Oginvest]

U.S. Senate bill could be death blow for Biden anti-drilling pledge

July 29 (Reuters) - U.S. President Joe Biden vowed during his 2020 election campaign to end federal oil and gas drilling as a major step in his strategy to fight climate change.

The U.S. Senate Democrats' $430 billion spending bill agreed this week could kill that pledge. If it passes, it would effectively guarantee continued drilling rights auctions on federal lands and waters for at least another decade.

Still, with Congress set to begin a summer recess by the end of next week, Senate Majority Leader Chuck Schumer faces a tricky road to quick passage for the bill, which would be a win for Biden and fellow Democrats hoping to retain control of Congress during midterm elections in November. read more

The legislation also contains nearly $370 billion for energy security and climate change efforts, including extended and expanded incentives for electric vehicles, solar and wind power. It was agreed on after more than a year of difficult negotiations between Schumer and fellow Democrat Senator Joe Manchin.

Manchin, who represents the coal-producing state of West Virginia and has sought to protect fossil fuel interests, ensured the bill contained protections for oil and gas.

For instance, it makes permitting of solar and wind facilities on federal land contingent on the Interior Department offering at least 2 million acres of land for lease to drillers within the previous year, a provision that would last a decade.

In federal waters, offshore wind leases would be contingent on the agency offering at least 60 million acres on the Outer Continental Shelf to drillers the year before, according to the bill's text.

The deal would also restore results of a November 2021 Gulf of Mexico lease sale that was annulled by a federal judge over its environmental impact, and require offshore auctions to be held in the Gulf and off the coast of Alaska that had been canceled earlier this year.

.....

https://www.reuters.com/world/us/us-senate-bill-could-be-dea…

[Oginvest]

Antwort auf Beitrag Nr.: 72.071.348 von niccotrader am 27.07.22 23:30:07

Weiterhin läuft's gut für Baytex... 😎

[erwin-kostedde]

Baytex with 4.9 million shares bought back last month

[zoj-82]

Weiterhin läuft's gut für Baytex... ?

Im September wieder fast 4 Millionen Aktien zurück gekauft. Jetzt haben wir ja noch Rückenwind von OPEC bekommen. Bin mal gespannt wo wir im Jahre 2023 stehen.

[Oginvest]

Investor Presentation October 2022

https://www.baytexenergy.com/files/pdf/corporate-handouts/20…

[Oginvest]

Premier-designate of Canada's oil-rich Alberta promises showdown with Ottawa

Oct 6 (Reuters) - Danielle Smith was chosen as leader of the ruling United Conservative Party (UCP) in Canada's oil-rich Alberta province on Thursday, after running on promises of greater autonomy, in particular pushing back against federal government policies.

Smith, who will replace Jason Kenney as premier, won 53.77% of the vote from party members and will lead the UCP into a provincial election scheduled for May next year. She will formally become premier when the province's Lieutenant Governor invites her to form a government on Tuesday.

"I'm back," Smith told a cheering crowd in Calgary.

"Today marks a new beginning in the Alberta story. No longer will Alberta ask permission from Ottawa to be prosperous and free ... we will not have our resources landlocked or our energy phased out of existence by a virtue-signalling prime minister."

The western province of Alberta has long had a strained relationship with Prime Minister Justin Trudeau's Liberal government in Ottawa, stemming from a sense that the federal government's climate polices are damaging Canada's oil and gas industry.

Smith's most eye-catching policy is a promise to immediately table the Alberta Sovereignty Act, allowing the province to refuse to enforce specific federal laws or policies "that violate the jurisdictional rights of Alberta". read more

She was the frontrunner to win the leadership race, followed by Travis Toews, who was provincial finance minister until May when he resigned to run for leader.

Smith, who is not an elected member of Alberta's legislative assembly, comes to power during a record bonanza in energy revenues thanks to soaring global oil prices. Alberta is home to the bulk of Canada's oil and gas industry, as well as its vast, high carbon-emitting oil sands.

...

https://www.kitco.com/news/2022-10-07/Premier-designate-of-C…

[Oginvest]

Baytex Announces 2023 Budget with Continued Focus on Free Cash Flow Generation and Enhancing Direct Shareholder Returns

Calgary, Alberta--(Newsfile Corp. - December 7, 2022) - Baytex Energy Corp. (TSX: BTE) ("Baytex") announces that its Board of Directors has approved 2023 exploration and development expenditures of $575 to $650 million, which are designed to generate average annual production of 86,000 to 89,000 boe/d.

"We expect to generate record free cash flow in 2022 and our priorities for 2023 remain the same. We will advance development across our high-quality oil weighted portfolio, further delineate our Peavine Clearwater acreage and progress our Duvernay light oil resource play.

We are committed to allocating capital efficiently to generate meaningful free cash flow and, as we achieve our debt targets, increasing direct shareholder returns. In a US$80/bbl WTI pricing environment, we expect to generate approximately $3.1 billion of cumulative free cash flow through our 2022-2026 five-year outlook," commented Eric Greager, President and Chief Executive Officer.

Highlights of the 2023 Budget >> https://newsroom.newsfilecorp.com/8528/1670450400-147177.pdf

[Oginvest]

Investor Presentation December 2022

https://www.baytexenergy.com/content/uploads/2022/12/2022-12…

[Oginvest]

Investor Presentation January 2023

https://www.baytexenergy.com/content/uploads/2023/01/2023-01…

[Oginvest]

Canada's Baytex Energy nears $2.5 bln deal for U.S. peer Ranger Oil -sources

Feb 27 (Reuters) - Canadian oil and gas producer Baytex Energy Corp (BTE.TO) is nearing a deal to acquire U.S. peer Ranger Oil Corp (ROCC.O) for around $2.5 billion including debt, people familiar with the matter said on Monday.

Calgary, Alberta-based Baytex will pay a mixture of cash and stock to buy Ranger at a small premium to its current market value of $1.8 billion. It will also assume Ranger's debt pile, which stood at $603 million as of Sept. 30.

The transaction will significantly boost Baytex's presence in South Texas' Eagle Ford shale basin, which currently represents around 30% of its total production, according to its website.

An agreement between Baytex and Ranger could be announced as soon as Tuesday, barring any last-minute hitches, added the sources, who spoke on condition of anonymity to discuss confidential information.

Baytex and Ranger did not immediately reply to requests for comment.

Reuters that Houston-headquartered Ranger was considering a sale. The Eagle Ford basin has witnessed in recent months, with buyers lured by its proximity to major energy hubs, including export and refining facilities on the U.S. Gulf coast.

Baytex's deal would add to the run of Canadian energy operators seeking to boost the amount they produce south of the border. Ovintiv Inc moved its headquarters to Denver, from Calgary, at the start of 2020 as it prioritized its U.S. assets. Enerplus Corp completed in December the sale of its Canadian operations, leaving it with assets in North Dakota and Pennsylvania.

https://www.reuters.com/markets/deals/canadas-baytex-energy-…

[Oginvest]

Baytex Energy confirms Ranger Oil deal for $44.36/share

Baytex Energy (NYSE:BTE) said Tuesday it agreed to acquire Ranger Oil (NASDAQ:ROCC) in a deal valued at ~US$2.5B (C$3.4B) including debt.

Under the deal terms, Ranger (ROCC) shareholders will receive 7.49 Baytex (BTE) shares plus $13.31/share in cash for each Ranger common share, for total consideration of ~$44.36/share, a ~7% premium over its $$41.31/share closing price on Monday.

Baytex (BTE) shareholders will own ~63% of the combined company, and Ranger (ROCC) shareholders will own ~37%.

"We are acquiring a strong operating capability in the Eagle Ford, on-trend with our non-operated position in the Karnes Trough and driving meaningful per-share accretion on all metrics," Baytex (BTE) President and CEO Eric Greager said, adding the deal more than doubles the company's EBITDA and nearly doubles its free cash flow.

The company said it expects to initiate a dividend upon the deal's closing.

Baytex Energy (BTE) last week reported Q4 adjusted earnings of C$0.64/share, with production rising 7.5% Y/Y to 86,864 boe/day.

https://seekingalpha.com/news/3941645-baytex-energy-confirms…

[zoj-82]

Bedeutung für uns?

Kann man es erklären, was das jetzt bedeutet für normale Aktionere? Gut oder schlecht

[Oginvest]

Antwort auf Beitrag Nr.: 73.378.437 von zoj-82 am 28.02.23 17:24:52

Der BTE-Kurs steigt, demnach wurden die Bedingungen der Transaktion vom Markt als positiv eingestuft.

[Oginvest]

Antwort auf Beitrag Nr.: 73.386.822 von Oginvest am 01.03.23 17:41:17

Ranger 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…

[Oginvest]

Antwort auf Beitrag Nr.: 73.386.870 von Oginvest am 01.03.23 17:44:54

Neue Präsentation Baytex Energy + Ranger Oil
https://www.baytexenergy.com/content/uploads/2023/02/2023-02…

[Oginvest]

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…

[erwin-kostedde]

der neue Monatsbericht
Apr 23 ist da:

https://www.baytexenergy.com/content/uploads/2023/04/23-04-A…

[pickuru]

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…

[Oginvest]

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

[zoj-82]

https://pbs.twimg.com/media/FtbWv3eWIAEf_pl?format=jpg&name=…

[Oginvest]

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…

[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.

[erwin-kostedde]

Antwort auf Beitrag Nr.: 73.773.012 von erwin-kostedde am 02.05.23 22:08:24

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

[Oginvest]

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…

[Oginvest]

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…

[Numalfix]

National Bank of Canada Target 8,5 CAD

https://pbs.twimg.com/media/FwVXI5EaIAAe72B?format=jpg

[pickuru]

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-…

[Numalfix]

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?

[Oginvest]

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…

[Oginvest]

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…

[Oginvest]

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…

[Oginvest]

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…

[Oginvest]

INVESTOR PRESENTATION AUGUST 2023 CREATING ENERGY | CREATING VALUE
https://www.baytexenergy.com/content/uploads/2023/07/23-08-A…

[Numalfix]

Antwort auf Beitrag Nr.: 74.302.065 von Oginvest am 11.08.23 12:45:19

Die Cash Flow Werte sind ok ;-)

Aus der Präsentation S. 10

[Numalfix]

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…

[zoj-82]

Dividenden

Erste Zahlung ist eingetroffen, das freut mich natürlich... Was ich nicht verstehe ist es für ein Quartal oder wie wird es ausbezahlt?

[Numalfix]

Antwort auf Beitrag Nr.: 74.597.489 von zoj-82 am 06.10.23 15:30:24

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.

https://www.baytexenergy.com/content/uploads/newsFile/169049…

[Oginvest]

Baytex Investor Presentation October 2023 - CREATING ENERGY | CREATING VALUE
https://www.baytexenergy.com/content/uploads/2023/10/23-10-3…

[Oginvest]

Antwort auf Beitrag Nr.: 74.634.899 von Oginvest am 14.10.23 12:57:49

Einige Folien aus der Baytex Investor Presentation October 2023:

[Numalfix]

RBC Target 8,5 CAD



Quelle
13.10.
Burnsco
@garquake
https://twitter.com/garquake/status/1712770862993092961

[Oginvest]

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…

[Oginvest]

Baytex Investor Presentation February 2024
https://www.baytexenergy.com/content/uploads/2024/02/24-02-F…