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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 Greendayon Mar 10, 2023 11:47am
194 Views
Post# 35330809

Broader Market Weakness Weighs On Deal

Broader Market Weakness Weighs On DealThe cash portion of the Ranger deal is expected to partly be paid for by expanding credit facilities - or in other words borrowing money from banks.

"The cash portion of the acquisition is expected to be funded, in part, through expanded credit facilities and the issuance of debt securities."

So today's resilient labour market data means that interest rates could be hiked to fight inflation and that the cost to finance the deal could increase - leading to pressure on BTE's share price.

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