Baytex’s 2016 budget was relatively in line with prior notional guidance, with the midpoint of capex and production guidance at $362 mm and 76 mboe/d, albeit the 22% gas composition of production was higher than we expected. Given recent commodity prices, we have chosen to assume Baytex comes in at the low end of guidance for capex ($325 mm) and production (74 mboe/d).
14 Dec 2015
Baytex 2016 Guidance – Sweet (Covenant) Relief!
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Baytex 2016 Guidance – Sweet (Covenant) Relief!
Baytex Energy Corp. (BTE:TSE) | 0 0 (-2.1%) | Mkt Cap: 758.2m
- Published:
14 Dec 2015 -
Author:
Michael P. Dunn -
Pages:
6
Baytex’s 2016 budget was relatively in line with prior notional guidance, with the midpoint of capex and production guidance at $362 mm and 76 mboe/d, albeit the 22% gas composition of production was higher than we expected. Given recent commodity prices, we have chosen to assume Baytex comes in at the low end of guidance for capex ($325 mm) and production (74 mboe/d).