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

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Post by red2000on Feb 28, 2023 1:54pm

310 Views

Post# 35310331

RBC target price about Ranger Oil

Very interesting, to see it with a target price of :

56 USD with an upside scenario at 73 USD per share.

Baytex grab it, for total consideration of approximately US$44.36 per share.
It's a 26% discount at 56 USD.

Before the deal, 2023 CFPS of 23,36$ USD for 41,7M out. Sh. === 974,1 M USD.

For my point of view, it's HUGE ! See below