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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 Snowballeron Feb 27, 2022 8:47pm
324 Views
Post# 34466412

RE:RE:RE:RE:Eric Nuttall's Energy Income Fund - Cash on Cash Returns

RE:RE:RE:RE:Eric Nuttall's Energy Income Fund - Cash on Cash Returns

to be fair my original post was not clear that I was speculating on the expedited dividend. Thanks for the clarification @forecadt123 


Snowballer wrote:

if the oil price remains in the high $99's and $100's mgmt could expedite this insensitive by 4  to 6 months. Seems reasonable 

 

Snowballer wrote:

 

Yeah I'm clearly speculating we'll see some form of dividend before the end of the year in addition to buybacks... I think we'll be ahead of schedule and if we are funds like Eric's new energy income fund will accumulate BTE shares for the dividend.

 

forecast123 wrote: The presentation said 25% of FCF for share buyback starting Q2 2022 and review for next FCF usage in mid 2023 if based on current oil price...It didn't say dividend within 9 months or less.

 

 





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