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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

Post by Antonyiuson Jul 06, 2021 3:27pm
221 Views
Post# 33500116

Edward's optimistic

Edward's optimisticDidn't catch the first bit but he is happy about their cash flow. He thinks they're still significantly underpriced so whenever they get debt levels down to 1.5 times EBITDA they're very likely to pursue stock buybacks. When asked about the hedges he said those were made during pandemic times in 2020 so they wouldn't have done it now but they had to do what they had to do. He made an interesting comment that UAE needs $73 Brent to balance their books so he thinks OPEC+ is putting on a little show to cool the crazy people calling for $100 oil. Other people feel free to chime in
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