https://seekingalpha.com/news/4043780-baytex-energy-oks-1.2b-1.3b-for-2024-capex-produce-150k-156k-boeday
Dans Model 160 boe day. Guidance 150-156
FCF new 530 m . > Dan's model. 2,475 less cap ex of 1,250 = 1,225
Free Cash Flow(4) Based on the forward strip(2), we expect to generate approximately $530 million of free cash flow in
2024.
FCF Half as much!!!! > Way down !!
Wide WCS discount must be using lower prices
This is Interesting
While we remain confident in our position, we have purchased $272.5 million of insurance coverage to help manage the
litigation risk associated with this matter. The policy premium (inclusive of applicable taxes) was approximately $60 million.
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analyst's will be cutting (and Dan too)
https://www.baytexenergy.com/content/uploads/newsFile/1701862200-189924.pdf