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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 Apr 03, 2023 6:12pm
528 Views
Post# 35377332

BTE - CPG- WCP - OVV

BTE - CPG- WCP - OVVBaytex energy, Cresent point energy, Whitecap resources have all made acquisitions, first Whitecap, XTO purchase 1.9 billion, Baytex purchase of Ranger oil, 2.5 billion, Cresent point energy, 1.7 billion purchase of Spartan delta, and recent purchase by OVINTIV for 4 billion. All Canadian oil & gas producers. All three companies trade in double digits figures except for Baytex but keep this in mind, BTE, CPG, WCP daily production will be very similar in numbers. What sets Baytex apart is the close proximity to export to US ports with a premium WTI pricing compared to WCS pricing. Baytex was dealt a terrible media/. analysts downgrades without merit, this was a result of the banking sector meltdown with a $10 drop in WTI pricing. Today oil is back to $80 and Baytex is still under $5.50. CPG, WCP are back to their $10-$11 trading range, what's wrong with this picture? Baytex should be trading in the $7 range, I'm expecting this to reach that price within a few weeks, don't forget, May 04 2023, Baytex reports first quarter earnings. 
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