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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 269,000 gross 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 jleer42on Feb 11, 2022 11:10am
116 Views
Post# 34420276

RE:RE:Freddie/JD Capex, Divy, Buybacks opinion

RE:RE:Freddie/JD Capex, Divy, Buybacks opinionSome funds can only invest in dividend paying companies. Token dividends allow these funds to be investors. It can also be argued that token dividends signal future direction of the company, ie to pay more significant dividends in the future. Not sure I agree with the signalling but it is a reason I have seen used.

churchofnutsacc wrote: I do not agree with token dividends. Every last cent of free cash flow should go to paying down debt so that when the price of oil retreats (and it will), you are well possitioned to return capital back to shareholders. If you are not going to pay down debt at $90 oil, then you are never going to pay down debt.

Wouldn't it be nice to make money and earn divvies at $60 oil, and not have to rely on $90, or $100 oil?


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