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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 HighOctane89on Dec 14, 2022 1:04pm
119 Views
Post# 35171236

RE:RE:RE:RE:Why isn't this tracking Oil prices?

RE:RE:RE:RE:Why isn't this tracking Oil prices?
doggiestyle wrote: So much for what learned in business school that a stocks value is based on the "discounted value of future cash flows? If this were true BTE would be trading in the mid teens. 


Yeah , it sticks in your throat when you think tech stocks get valued at 20X future SALES where as the O&G sector gets valued at 3X free cash flow . The media and government have demonized the sector so much that ownership support has been eroded to a fraction of what it should be  
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