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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 bartno12001on Mar 06, 2019 8:35am
200 Views
Post# 29448163

Bte results

Bte resultsSo now you guys see why I was so aggressive in selling. Q4 was horrible for company. 2018 year was a loss and also now we have to deal with impairment charges. Company is leveraged to the max and net debt increased too. Baytex just gave investors a carrot that they can pay 200 million if all of this happens but my friends oil price ain't going up this year too. Plus baytex wants to renogiate on the line of credits (which will happen). Indirectly baytex have also told the market that 7 or so will get them to sell the company. I will sell more shares. Baytex is a lost cause. It's a sad day to see a darling of oil market come down to such a level. Short term price 1.50. If oil market doesn't recover we go below 1..
Bullboard Posts