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 > Baytex holds the top 15 Clearwater wells

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Comment by Tradestayon Jan 09, 2023 11:18am

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Post# 35211142

RE:RE:RE:RE:RE:RE:RE:RE:Baytex holds the top 15 Clearwater wells

What are you talking about debt is down from over $2B (2.3 approximately) from 2018 to just over $1B as of last quarter report and projected to be $600M or less with current WTi pricing. That reduction is with BTE going through covid and low hedges affecting them in 2021 and 2022.

The company dropped debt by over 50% with 2 years of terrible oil prices and hedges out of the last 4 years. Still managed to increased production and bought back 20+M shares.

At $76 oil Free cash flow is $450 Million 75% will go t9 debt and then 50% once $800M target is reached.

Your comment is way off.

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