This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Baytex Energy Management Presents At Barclays CEO Energy/Power Conference (Transcript)

A bit of a background on our corporate securities. Baytex is listed on the Toronto and New York Stock Exchanges. We have a lot of liquidity in our issue. Current enterprise value is just shy of $6 billion Canadian. We do pay a dividend on a monthly basis, $0.22 per share per month. That translates to a yield of 5.7% based on today’s price. Since inception we have distributed about $1.4 billion of dividends and distributions. That’s an important number to keep in mind when we look at our balance sheet. We have materially improved the strength of our balance sheet while growing our asset base and paying a significant dividend. We have not been a cash retention vehicle. We do have a couple of outstanding senior unsecured debenture issues. So where do we operate. The vast majority of our businesses in the few western provinces in Canada, we do have a small but growing business unit in the North Dakota Bakken. We’re a heavy oil focused producer. 73% of our current production of heavy oil, 14% light oil and NGL and the balance about a sliver of natural gas production.

The vast majority of our reserves are oil and liquids and our production is weighted 60% to Alberta, 34% to Saskatchewan and the balance between BC and the U.S. I’ll spend a little bit of time talking about history and history is that, it’s what we have in the past and it’s maybe not super relevant for where we’re going but we think it's important to give you a sense of what we've been able to deliver in the past because I think it should give you some confidence on our ability to continue to deliver going forward. 2012 guidance is to average approximately 54,000 Boe per day of production. 87% of that is oil. That level of production would translate to about an 8% compound annual growth rate over the last number of years of Baytex’s existence.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs