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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 Wildfuryon Feb 27, 2023 7:53pm
348 Views
Post# 35308458

Baytex energy closing price

Baytex energy closing price Feb 28th 2022 , BTE closing price on the TSX was $5.79 , Feb 27th 2023 , BTE closing price today on the TSX $5.83 . The data tells everyone that if you hold long term in this stock you will gain nothing and that's one huge reason why it's being pushed down . The stock has a 2.82x P/E ratio ,one of the lowest in the oil patch , why ? These are the questions I'm asking Baytex investors relations that won't reply .Even with NCIB happening , debt under $1 billion , production closing in on 90,000 bpd and this is where we are. Eric Nuttall says $20.00 , TD downgraded to $7.00 ,BMO, CIBC, STIFEL, all point down, why ? I strongly believe that the new CEO has an agenda , drive it into the ground so everyone will finally give up on it  and sell,then boom ,some buyout happens for cheap at our expense . Take a look at HEADWATER exploration , another Eric Nuttalls favourite , it closed today well over $6.00 with a whopping P/E ratio well over double digits ? If Baytex had Headwaters P/E ratio it would be trading over $20.00 . It's time to give Nuttall a call and hear what he has to say because nothing is adding up with Baytex .
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