Baytex Energy: Projected 2024 Free Cash Flow Improves To Over US$500 Million [Seeking Alpha]
Baytex Energy Corp Common Shares (BTE)
Last baytex energy corp common shares earnings: 3/4 06:30 am
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US:NYSE Investor Relations:
baytexenergy.com/investor/overview-investor-relations.cfm
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Source: Seeking Alpha
This is US$138 million higher than it forecast in December 2023, as it benefits from improved oil prices and collars with a ceiling above the current strip. It paid approximately US$44 million for US$200 million in insurance related to its Canadian tax dispute. The cost of that policy suggests a high (75+%) chance of BTE winning that dispute. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Baytex Energy ( NYSE: BTE ) currently is projected to generate US$528 million in 2024 free cash flow at current strip prices. This is around US$138 million more than Baytex's estimates from December 2023 , as it benefits from improved oil strip prices. Baytex's estimated value also benefits from an improvement in the assumed odds of it winning its tax dispute with the Canada Revenue Agency. I had previously calculated Baytex's value based on a 50% chance of it prevailing, but the price it paid for a related insurance policy
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BTE
News
- Baytex Energy Announces Granting of Exemptive Relief Regarding Its Normal Course Issuer Bid Program [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Baytex Energy (BTE) Right Now? [Yahoo! Finance]Yahoo! Finance
- Baytex (BTE) is an Incredible Growth Stock: 3 Reasons Why [Yahoo! Finance]Yahoo! Finance
- Is Baytex the Best Oil Stock to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Are Oils-Energy Stocks Lagging Baytex Energy (BTE) This Year? [Yahoo! Finance]Yahoo! Finance
BTE
Sec Filings
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/1/24 - Form 6-K
- BTE's page on the SEC website