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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

Comment by BayStreetWolfTOon Oct 17, 2021 3:55pm
231 Views
Post# 34015863

RE:Wolf

RE:WolfJD, 100% correct. Operational efficiency has improved dramatically on a cost per boe...I am taking that as my upside (being conservative) not knowing where inflation will take us...but yes the cost per boe has dropped dramatically.

From this perspective the downturn helped Canadian Oil and Gas significantly...downturns force you to look at LEAN operations...I have not quantified the impact but will look at Q3, Q4 and Q1 as a good guage.

My expectation is this adds double digit financial impact to the bottom line but I would like to see the flow through on differentials.
JohnnyDoe wrote: Something your comparative analysis between 2014 and today doesn't consider is cost structure... Or did I miss that?
Oil companies reacted to the 2014 meltdown by driving their cost profile lower. They did the same thing when covid hit. I suspect most companies today are generating more fcf per barrel at 80 buck oil today than they were generating in 2014 at 100 buck oil.


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