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 > A good read for longs on oil, versus the green energy crowd.

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Comment by BayStreetWolfTOon Sep 01, 2022 11:42am

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Post# 34935532

RE:RE:RE:A good read for longs on oil, versus the green energy crowd.

I agree. In my opinion only early innings. I think 2023 is the interesting year. No SPR, OPEC extension, US O&G hesitant to drill, Rig counts and Frac spreads flatlining.

China will need to open at some point.

Long-term investor here just sitting on the patio chair watching the short-term noise.

Of course at $87 BTE banks $12+ million FCF every week. so lots of cash