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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
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

Baytex Energy Corp > No Div versus Buy Back
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Comment by JohnnyDoeon Apr 29, 2022 1:06pm
91 Views
Post# 34642849

RE:No Div versus Buy Back

RE:No Div versus Buy Back
Wortep wrote:
I was not totally surprixed that there was no dividend issued. Buy  backs are in full swing. Which is good for all of us. No dividend means lower stock price cheaper to buy back. The war chest is building and I don't believe it will be used for a future dividend.
What it will be used for a means of taking this company private.
While the future offer will be enough to make most shareholders happy to move out of this stock, but will leave a sour taste behind.


I wasn't surprised that there was no dividend announced either. Why? Because they've been pretty clear on what their plan is and how they'd use the FCF. So in your case...either you haven't been following along, or somehow misunderstood the very clear direction provided, or you're just here to spread FUD. 

I will go with door # 3 
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