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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (125686)	8/12/2022 2:47:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202922

Baytex Energy (BTE-T) Eric Nuttall on BNN.ca Market Call Friday August 12th @ 1200ET Baytex has drilled nine of the top 10 plays in Clearwater, the most economic oil play in North America. With wells that are recouping investments in under three months, Baytex is near an inflection point where deleveraging will soon be complete and the company will be able to return more than the current 25 per cent of free cash flow back to shareholders. We estimate the company to be trading at 1.9x EV/CF at $100 and a 38 per cent free cash flow yield while reaching its ultimate debt target around the second-quarter of 2023. Our target multiple is 5x at $100 = target price = 178 per cent potential upside.