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.

TSX:BTE - Post by User

Baytex Energy Corp

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Comment by Ocalamanon Mar 28, 2017 12:26pm

88 Views

Post# 26040919

RE:RE:RE:RE:2016 ROCE and P1-P2 Reserve Growth

There are many companies out there that have either not layered additional debt or incurred debt for reasonable cahs flow growth and still payout a dividend and keep the po ration well below 100%. Debt to cash flow for bte is the WORST in the group and that metric will kill them if oil stays below 70-80 cuase they ll never get thier Canadian streams back online below those numbers. They are a catch 22 right now and squeezed . CPG is lso ugly so a bad example to cite. GARP is always in fashion and paying a dividend and keeping below 100% payout ratio a bonus and they are out there you just need look.

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