Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. 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. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp

Bullboard Posts

Post by Jmarks1on Dec 01, 2014 2:15pm

388 Views

Post# 23182037

Why is BTE getting whacked so hard, comparatively speaking?

Everyone is down significantly. However BTE is REALLY taking it on the chin!
Even COS hasn't dropped as much and they are in real trouble at these prices, never mind if oil keeps dropping? BTE is down around 18% compared to CPG as well!

The only thing I can think of is the Auora asserts where bought at a premium, took on large debt, and the timing didn't work out. Bad time to triple the debt load, even though cost of debt is reasonable!
So now they are being beat up more than the rest of the pack.
With the price of oil dropping so much they might be close to triggering debt covenants?

Thoughts?

Bullboard Posts

Geologica Resource: Polymetallic upside at a depressed price