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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 Wildfuryon Apr 20, 2022 10:08pm
218 Views
Post# 34618912

RE:RE:2024 BTE has 450 Mill Shares, Not Debt, What's the Dividend?

RE:RE:2024 BTE has 450 Mill Shares, Not Debt, What's the Dividend?
JD, since you like correcting posters I think you need a lesson in NCIB procedures. FYI, a company that has NCIB approval is only allowed to repurchase 10% of their float, which means that they can only buy 55 million shares approximately in one calendar year if I'm not mistaken. You should private message BSW to confirm this. They will never buy back more than 100-200 million shares which could take 2-4 years depending on the SP and there's no guarantee that it will take place. They may choose to make an acquisition instead of share buy-backs with cash on hand without diluting with more shares & increase production as they see what's best.
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