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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

Post by Tradestayon Jan 24, 2023 9:46am
233 Views
Post# 35241998

Regarding Debts and Buyback

Regarding Debts and Buyback Both are happening, last time debt look like it did not move because of the differnec in exchange rate when financials were released. The different between the two reports made debt $20 to 30Mil higher it was explained on this board during the earnings release period. 

In December 795K shares were bought back. 

At $80 oil they are projecting to have debt down to $800M by May and the  return to shareholders and debt reduction will be 50/50, currently its 25%/75% respectively
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