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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 jimitwiston Feb 01, 2022 11:58am
288 Views
Post# 34385610

It has been a long road

It has been a long roadWe are approaching a price point where I am almost back to my break even mark. I have been in  BTE since 2006, when I  paid $17.93 I bought 2 more lots in 2012 paying $52 and $43. After the Texas purchase I bought another lot in September 2014. At that point the dividend was 24 cents per month. I have  averaged down to where I am almost even. If we can get to where we have clearance at $5.50, I will put in a stop and start to peel off shares. Not because I don't believe in BTE, but because my share count is too high and make up a disproportionate part of my accounts. That being said, if there is an announcement of reinstating a dividend the price should jump.
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