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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

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 162,000 net 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

Bullboard Posts
Comment by Jmarks1on Dec 08, 2014 3:42pm
299 Views
Post# 23207588

RE:i AM AMAZED

RE:i AM AMAZED What can they say? 
We are sorry we over extended the company, because we wanted to buy Auora so bad we didn't consider the risks properly? 
Or we screwed up getting that coveted American listing, that is now allowing the largest market on earth to short the ever loving c*rap out of this Canadian company?

IMO the banks are now involved with BTE as it sure looks like lending covenants have been or are going to be breached. We are now trading below book value :( 

So much for trying to catch a falling knife! Was smart enough to get out this summer. But not smart enough to realize how bad things can get QUICKLY! 
Glad it's just money and I still have a job! So retirement will have to be put off for another year, to replenish the pot.
Bullboard Posts