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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
Post by bagoon Jan 25, 2017 8:49am
116 Views
Post# 25751500

Sharing....

Sharing....
Here some details on BTE specifically.  The more production you have that is today shipped by rail the greater the savings obviously... never a guarantee but I have seen with situations like BTE  many times , thru many cycles  in various sectors where debt drags them down,  they get to the other side of a major turn down in a industry , survive, that in 2-3 yrs people look back and wonder why didn't I buy that. 
 
 Baytex reports the cost per barrel to deliver heavy oil by rail to the Gulf Coast is between $14.88 to $17.07 per barrel. Keystone could yield substantial savings.
 
 

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