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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 Maxmoeon Feb 22, 2022 1:41pm
161 Views
Post# 34450927

RE:BTE earnings this week

RE:BTE earnings this week Soon as earnings come out we will gnashing our teeth and growling about Q1 numbers which ends in just 5 weeks. Stock is up 18X from its low in 2020. It's up $1 since year end. It's done very,very well without a divy or a buyback. So why the hysterical screeching for a divy and buyback now? Short term pop so you can sell for another 25 cents? Sorry, most of us don't care about the flip around the earnings report. I expect the routine normal course issuer bid will result in limited buybacks without a stock crash. The priority they've had for over 2 years is to pay off debt so they are never ever beholden to the evil banks again. I'd rather see $1 a share in debt reduction than $1 in divy. All day long. Repeat and repeat. Don't even rinse. I'll remind you, a dividend and buybacks did NOTHING to ease the drop in 2020 for ALL producers. And it's worth remembering some producers borrowed to pay the divy rather than immediately cut it. That was a disaster.
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