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.

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Baytex Energy Corp > Raymond James downgrade $5.50

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Comment by riskion Mar 01, 2023 5:22pm

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Post# 35313621

RE:RE:RE:RE:RE:RE:Raymond James downgrade $5.50

False. This now requires lower oil prices than it ever did before to make money. Profitable down to $41 WTI vs ~$55 for the old BTE by my calculations.

The 50% shareholder return plan is moved up by 9-12 months.

It's all in the presentation slides.

Bigger, more resilient, more profitable, and more money in the investors pockets.