These 3 Oil Stocks Will Be in Much Better Shape With Crude at $60 [The Motley Fool]
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: The Motley Fool
These oil producers would get a big shot in the arm if crude sticks at $60. Oil ended 2017 on a high note, as it closed above $60 a barrel, which was a 2 1/2 year high. That pricing level is worth noting since many oil producers were barely generating enough cash flow when crude was in the $50s to meet their needs. However, with oil now in the $60s, they'll produce more cash, which could help them get back on their feet more quickly. Here are three that would be among the greatest beneficiaries from $60 oil. More options at $60 a barrel With oil at $50 a barrel, Baytex Energy ( NYSE:BTE ) generates just enough cash flow to drill the wells needed to maintain its production rate. However, the Canadian oil company noted that, if oil averaged $55 a barrel this year, it would generate about $60 million Canadian ($48 million) in free cash flow, which is enough money to drill the wells needed to boost its production rate 6% by the end of the year. That said, with oil now
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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