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 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.

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Baytex Energy Corp

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Post by RuprtMorduchon Jul 28, 2016 8:33am

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Post# 25091006

Interesting Q

In Q2/2016, we entered into an agreement to dispose of our operated assets in the Eagle Ford for approximately $55 million. Production from these assets is currently 1,000 boe/d and the disposition. Interesting, that means these are atleast $2B. if they were to dispose this asset of eagle fords, they would roughly get 38x 55= $2.09B CDN and pay off the debt and work with the Canadian, however they should do the opposite and sell the Canadian Productions rather then eagle Ford. In Q3 we will see that, they are going to have a disposition of 1,250 b/day in the Canadian side. That should tell us how much the company is around.

$/b

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