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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 topdown99on Apr 10, 2022 2:56pm
179 Views
Post# 34592049

RE:RE:RE:RE:RE:What Canadian companies have no hedges?

RE:RE:RE:RE:RE:What Canadian companies have no hedges?
1condor wrote: topdown99...I have nothing against BTE or any other oil and gas stock as I am invested in the sector. I just find when "times are good" and the big money rolls in (like it is now)...that silly and costly mistakes can be made by managment. Not saying BTE is part of this crowd. Just saying it will be interesting a couple years down the road to see how these companies put their windfall to work.


The best price I got shares of BTE at was $0.395 and I distinctly remember thinking when I pushed the "send order" button that "this stupidity can't continue" . I have poured over every Q report and update issued looking for anything out of the ordinary . Believe me when I say , if I thought management was drifting from the plan or acting reckless , I would cash out in a heartbeat  and move on to greener pastures . From my point of view , BTE is still under-valued and has room to run so I stick with it .

I'm not here to sell anyone on anything or try to convince people that A is better than B or C . I do however speak up when I read something that seems undoly alarmist or based on assumption rather than fact . I am having a hard time falling asleep lately , not because of worry but because of excitment . April 28th can't get here soon enough for my liking and Q2 is looking even better to this point in time .

Over the past couple of years I have seen posters come and go but there is a core of thinking shareholders that has remained committed to this stocks recovery . I look forward to meeting some of these people face to face if we can ever put together a mutually agreeable meeting spot . I will say this , if you ever see me out in -40C again it will be by choice and likely in a limo heading for the airport . 

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