Cookies are used to offer you a better browsing experience and to analyze our traffic. The NI 51-101 product types are included as follows: “Heavy Oil” - heavy oil and bitumen, “Light and Medium Oil” - light and medium oil, tight oil and condensate, “NGL” - natural gas liquids and “Natural Gas” - shale gas and conventional natural gas. An email was sent with password retrieval instructions. Mar 9, 2020. Baytex Energy Corp. (BTE) shares are taking a pay cut of -77.63% from the high point of 52 weeks and flying high of 90.74% from the low figure of 52 weeks. Stockhouse.com use cookies on this site. The quarterly impact of voluntary shut-ins in the Viking was approximately 2,000 boe/d. Real time Baytex Energy (BTE) stock price quote, stock graph, news & analysis. Alternatively, to listen to the conference call online, please enter. On June 25, we revised our production guidance range for 2020 to 78,000 to 82,000 boe/d, from 70,000 to 74,000 boe/d previously, taking into account the production brought back on-line. To manage commodity price movements, we utilize various financial derivative contracts and crude-by-rail to reduce the volatility of our adjusted funds flow. The Company is an open-ended investment trust created to a trust indenture. Our definition of net debt may not be comparable to other issuers. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. Find out what’s currently happening at Baytex, visit the newsletter archives, or sign up for one of our many informative e-newsletters. In the first half of 2020, we invested $79 million on exploration and development in the Viking and commenced production from 83 (78.5 net) wells. Our heavy oil assets at Peace River and Lloydminster produced a combined 13,082 boe/d (91% oil and NGL) during the second quarter, as compared to 31,211 boe/d in Q1/2020. BTE earnings call for the period ending June 30, 2019. July 23, 2020 - Baytex Conference Call and Webcast on Second Quarter 2020 Results to be held on July 30, 2020 July 6, 2020 - Baytex to Present at TD Securities 2020 Virtual Energy Conference View all news … We suspended all heavy oil drilling, and as such, there was limited activity during the second quarter. 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Readies for Alpha Release, High Quality Canadian Gold & Silver Projects; Promising Drill Results, Valeant Pharmaceuticals Securities Class Action: A settlement may affect your legal rights, Intriguing Exploration and Gold Mining Play That Delivers Exceptionally High-Grade Gold Results, Major Milestone: Labrador Gold Begins Drilling at Kingsway, Peak Positioning Scores Major Bid to Power Chinese Financial Centre, Grenke, Delivery Hero, Desert Gold: Momentum shares on hold, The StockTalk Cannabis Report: Oct. 23, 2020, Harvest Health & Recreation bumps bought deal offering to US$40M. Cookies are used to offer you a better browsing experience and to analyze our traffic. Advisory Regarding Forward-Looking Statements. “During the second quarter we took decisive steps to adjust our business model in the face of extremely volatile crude oil markets. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. I may withdraw my consent at any time. The above summary of assumptions and risks related to forward-looking statements has been provided in order to provide shareholders and potential investors with a more complete perspective on Baytex’s current and future operations and such information may not be appropriate for other purposes. We believe that this measure assists in characterizing our ability to generate cash margin on a unit of production basis and is a key measure used to evaluate our operating performance. We continue to emphasize cost reductions across all facets of our organization. Where applicable, oil equivalent amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil. Greater instability implies more noteworthy benefit or misfortune. We restarted approximately 80% of the previously announced shut-in volumes, which we expect will positively impact our adjusted funds flow for the remainder of the year,” commented Ed LaFehr, President and Chief Executive Officer. Find out why good news elsewhere hurt one of these stocks. In addition, our first long-term note maturity of US$400 million is not until June 2024. Senior Secured Debt is defined as the principal amount of the credit facilities and other secured obligations identified in the credit agreement. We use the principal amounts of the bank loan and long-term notes outstanding in the calculation of net debt as these amounts represent our ultimate repayment obligation at maturity. Our objective is to reduce our corporate GHG emission intensity (tonnes of CO2 per boe) by 30% by 2021, relative to our 2018 baseline. The firm’s shares rose 1.91 percent in the past five business days and grew 3.54 percent in the past thirty business days. The highest level of 52-weeks price has $1.62 and $0.19 for 52 weeks lowest level. As of June 30, 2020, we had $363 million of undrawn capacity on our credit facilities, resulting in liquidity, net of working capital, of approximately $300 million. For the remainder of 2020, we also have WTI-MSW basis differential swaps for 7,783 bbl/d of our light oil production in Canada at US$5.80/bbl and WCS differential hedges on 8,667 bbl/d at a WTI-WCS differential of US$14.57/bbl. In the first half of 2020, we invested $40 million on exploration and development and drilled 33 (33.0 net) wells. Financial Market Data powered by QuoteMedia. Baytex Energy Corp. - News July 29, 2020 - Baytex Announces Second Quarter 2020 Financial and Operting Results July 23, 2020 - Baytex Conference Call and Webcast on Second Quarter 2020 Results to be held on July 30, 2020 July 6, 2020 - Baytex to Present at TD Securities 2020 Virtual Energy … Accordingly, we caution that the test results should be considered to be preliminary. Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. Completion activities, originally scheduled for Q2/2020 have been deferred. We use exploration and development expenditures to measure and evaluate the performance of our capital programs. Stockhouse.com use cookies on this site. If you are ready to take the plunge toward explosive returns, consider Baytex stock. Baytex Energy's stock was trading at C$0.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. As at June 30, 2020, the Company's Senior Secured Debt totaled $719.9 million which includes $704.1 million of principal amounts outstanding and $15.8 million of letters of credit. Genesis Healthcare Inc. (NYSE:GEN)’s Williams Percent Range or Williams %R at the time of writing to be seated at 93.58% for 9-Day. We expect to bring approximately 16 to 18 net wells on production in the Eagle Ford in 2020, down from our original guidance of 22 net wells. Please go to the link in the email message to retrieve your password. EPS growth is a percentage change in standardized earnings per share over the trailing-twelve-month period to the current year-end. Several things are putting pressure on the Canadian oil stock. Baytex’s average sold put, bought put and sold call for Q3/2020 and Q4/2020 are US$50.44/bbl, US$58.04/bbl and US$63.06/bbl, respectively. The carrying amount of debt issue costs associated with the bank loan and long-term notes is excluded on the basis that these amounts have already been paid by Baytex at inception of the contract and do not represent an additional source of capital or repayment obligation. For the second half of 2020, we currently project about 5,000 boe/d of heavy oil production to remain shut-in. We use free cash flow to evaluate funds available for debt repayment, common share repurchases, potential future dividends and acquisition and disposition opportunities. According to WSJ, Baytex Energy Corp. (BTE) obtained an estimated Hold proposal from the 12 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. By continuing to use our service, you agree to our use of cookies. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. A sum of 962879 shares traded at recent session and its average exchanging volume remained at 1.83M shares. Based on the forward strip(1), we expect to maintain our financial liquidity and remain onside with our financial covenants through 2021. Crude-by-rail is an integral part of our egress and marketing strategy for our heavy oil production. A complete listing of our financial derivative contracts can be found in Note 17 to our Q2/2020 financial statements. For a reconciliation of adjusted funds flow to cash flow from operating activities, see Management's Discussion and Analysis of the operating and financial results for the three and six months ended June 30, 2020. All rights reserved. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. View which … Tensions in the Middle East appear to be easing. These volumes remained off-line for April and May. The liquidity ratios which the firm has won as a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.41. Financing and interest expense, excluding accretion of debt issue costs and asset retirement obligations, for the twelve months ended June 30, 2020 was $106.5 million. The following table shows Baytex’s disaggregated production volumes for the three and six months ended June 30, 2020. BTE earnings call for the period ending December 31, 2019. Oil prices and its 2016 plans sent this Canadian oil company’s stock skyrocketing last month. Our Research team is always keen to stay update on market highlights, earnings reports, mergers and acquisitions, analyst opinions, and pass on their knowledge and expertise to our reader. Currently for this organization, Williams %R is stood at 93.58% for 14-Day, 93.58% for 20-Day, 95.56% for 50-Day and to be seated 98.25% for 100-Day. BTE earnings call for the period ending September 30, 2019. 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. See you at the top! We include the cost of blending diluent in our realized heavy oil sales price in order to compare the realized pricing on our produced volumes to the WCS benchmark. It is also calculated for different time spans. Production in the Pembina Duvernay averaged 717 boe/d (85% oil and NGL) during Q2/2020, as compared to 1,717 boe/d in Q1/2020. A sum of 962879 shares traded at recent session and its average exchanging volume remained at 1.83M shares.

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