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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 jleer42on May 17, 2022 6:38pm
120 Views
Post# 34690726

RE:RE:Hedging losses

RE:RE:Hedging losses

Some companies hedge some don't. Hedges lock-in the price which some oil will be sold for removing some of the variance from the revenue stream. This creates stability for financial planning, you get to plan your costs around a more stable income. Yes, depending on the hedges you can have hedging losses and gains. Hedges are hurting now, but when oil went negative it was hedges which kept some companies from going broke.

BTE said they were going to hedge, then they hedged. If you disagree with the hedges why buy shares in the company? Some companies I own are unhedged, some hedged, and one is hedged a lot. End of the day looking at the hedges is part of my due diligence.

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